Building a Better Mousetrap: The productivity reality

Episode #255 // Ralph Waldo Emerson once said: “Build a better mousetrap, and the world will beat a path to your door!”. This quote, espousing the value of innovation, has been liberally used and abused over the years.I came across it again recently in an article from McKinsey: Turning Around the Productivity Slowdown… so, what is productivity? And what’s the relationship between productivity and innovation?In today’s episode, I look at productivity from a number of different angles. What does it mean in the world of macroeconomics? How does productivity impact our standard of living? On a day-to-day level, what does it mean for your type of industry and organization? Can productivity provide a competitive advantage?It doesn’t matter what type of organization you’re leading in, improving productivity will reap huge benefits for all your stakeholders… including the people who work for you. But, getting your head around why you should have a constant focus on productivity improvement can be a little tricky… hopefully this episode will help.Source Material: No Bullsh!t Leadership Episode:Ep.115: Does Innovation Create Value?Ep.203: Defending Against Disruptive InnovationMcKinsey Global Institute Article:Turning Around the Productivity SlowdownDiary of a CEO EpisodeEp.252: Ex-Google Officer Speaks Out On the Dangers of AI————————FREE 5 DAY LEADERSHIP CHALLENGE: Want to boost your leadership capability? This challenge will start you down the path of improving your leadership confidence and skills—if you're willing to put in the work!Start the free 5 Day Leadership Challenge today: https://yourceomentor.com/challenge————————You can connect with me at:Website: https://www.yourceomentor.comFacebook: https://www.facebook.com/yourceomentorInstagram: https://www.instagram.com/yourceomentorLinkedin: https://www.linkedin.com/in/martin-moore-075b001/Youtube: https://www.youtube.com/@YourCEOMentor————————Our mission here at Your CEO Mentor is to improve the quality of leaders, globally. Hosted on Acast. See acast.com/privacy for more information.