Working It cover image

Working It

Best of: How Scandinavia cracked the productivity puzzle

Jun 4, 2024
Exploring productivity challenges in the UK and learning from Scandinavian and Japanese economies. Contrasting work cultures, communication dynamics, and the impact of external advice on productivity. Insights on stagnant wages, work-life balance, and consensus-building in decision-making processes.
18:11

Podcast summary created with Snipd AI

Quick takeaways

  • UK managers reluctant to seek outside help impact productivity.
  • Cultural factors affect productivity, highlighting the importance of clear communication and adaptability.

Deep dives

Productivity Challenges in the UK

The UK faces productivity challenges compared to countries like Norway and the US. Despite efforts to boost productivity, the UK lags behind its peers. Andrew Hill highlights the UK's struggle with productivity, especially since the financial crisis. One issue identified is the reluctance of corporate leaders to seek outside help, impacting the country's performance and predictive abilities.

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