Issue No. 62 - December/January 2011
South Australian businesses have mixed feelings on how they compared to global standards, with only about 60% aware of how they rate against world benchmarks.
That’s the conclusion drawn from the latest in-business survey conducted by McGregor Tan, which asked our Top 100 and Fast Mover alumni what they thought of South Australian business productivity.
Pressure for greater efficiency was the main reason offered by respondents who believed productivity in their sector was better than the global standard, while those who believed productivity was worse in their sector identified issues such as government regulation, workplace laws and not being global leaders in their industry.
More than two in five respondents, however, were unsure as to how productivity in their sector compared to the global standard.
Not surprisingly, productivity improvement was seen as an important strategic business goal among all businesses surveyed.
When asked if productivity was measured systematically in their business, almost three quarters stated this was the case. Among those who systematically measured productivity, many suggested it was generally calculated through revenue and analysis of business data.
Respondents offered a variety of options for improving productivity in their business, and these generally revolved around improved training, better technology and improvements to Government inefficiencies.
About three in five of the businesse...