6 ISSUES FOR JUST £6 Subscribe to Business & Professional Life today CLICK HERE

University of Gloucestershire’s Productivity Summit: Leadership will drive productivity

PUBLISHED: 15:04 30 May 2018 | UPDATED: 15:04 30 May 2018

Malcolm Prowle, Stewart Barnes and Rob Loveday

Malcolm Prowle, Stewart Barnes and Rob Loveday

Archant

When 125 business leaders attended the University of Gloucestershire’s Productivity Summit – the first of its kind – innovation and skills were high on the agenda, but it was leadership that emerged as the greatest single influence on improving productivity.

In Gloucestershire, productivity levels are lagging 8% behind the UK average, and the UK’s productivity rate is 18% below other G7 nations. Stephen Marston, Vice Chancellor of the University of Gloucestershire, warned of the demographic shifts that suggest we will have less than half the number of working-age people in the county in the next few decades than is required to fulfil the opportunities anticipated through job creation.

The significance of improving productivity for the broader economy was balanced with a company-level perspective by Malcolm Prowle, Professor of Performance Management at the University of Gloucestershire. Organisations must first know how to measure their productivity before they can determine how to improve. Professor Prowle offered guidance on the influencing factors, based on research published by the University’s Centre for Innovation and Productivity in 2017.

The challenge was powerfully summed up by Stewart Barnes, Managing Director of QuoLux and Visiting Fellow at the University of Gloucestershire. “A lack of people will be a throttle on competitiveness,” said Stewart. “It is imperative that we increase productivity from existing staff and this is something that every organisation, of any size, needs to address for themselves.

“While there is much to celebrate in the innovation that is evident in so many firms, the UK has 15% fewer people in R&D than Germany. Under-investment in infrastructure, the damaging impacts of recession and low skills all have a bearing on the productivity gap that’s developed between us and our competitive neighbours.

“It is leadership that has the greatest single impact on productivity. Strategic focus and an innovation culture are both strikingly evident in firms with high productivity, and these are driven by strong and effective leadership. To lead a business to its greatest competitive advantage requires strategic focus. For productivity to improve, leaders must take responsibility to drive change, to have a clear vision for others to follow and share.

“Innovation is a key ingredient for improving business productivity and requires an open culture where it can thrive. Culture is down to the leadership; setting the values, behaviours and practices. And with research suggesting that 30% of performance is due to culture, it’s clear leaders have a massive impact on the bottom line.”

Guests also heard from Rob Loveday, Strategy Director, GE Aviation; Chris Pockett, Head of Communications at Renishaw, host of the event, and John Workman, Senior Partner, BPE Solicitors. The panel took questions from the audience, chaired by Ian Mean, Director of Business West.

Visit the Quolux website here.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Cotswold Life visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Cotswold Life staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Cotswold Life account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

More from Cotswold Life

Neil and Alison Smith wanted a project, but then their old coach house began to reveal its interesting little glitches

Read more
Wed, 11:00

Taking over the reins on a well-established 50 year old family business, third generation family member Matt Cleevely has taken his own passion for sustainability and put in place a business vision that marries the heritage of Cleevely Motors and a future commitment to all things electric

Read more
Wed, 10:10

He quit his job with a few thousand pounds in savings and an empty garage. In less than a year, Nick Grey’s technology company Gtech was flying. Tanya Gledhill meets him

Read more
Tue, 15:03

From food and farming champions to expert retailers, design houses to haulage companies, the old guard to the new kids on the block, we are lucky to count them among our numbers and applaud the contribution they make to the Cotswolds’ business landscape

Read more
Tue, 14:18

Did you attend the opening of Lodders’ new office in Cheltenham? If so, you could be in our social photos...

Read more
Tue, 13:05

“It’s important to keep investing in new equipment, not only to meet demand but to also maintain the high quality of our packaging that our customers rely on.”

Read more
Tue, 12:58

Crowe, the national audit, tax, advisory and risk firm, has acquired a Gloucestershire accounting business that specialises in helping entrepreneurs

Read more

I send this postcard from Cirencester, complete with the discoveries and viewpoints from four members of my family – both the young and not so young

Read more
Tue, 11:05

Of all the castles in the region, none have seen as much war, romance and royalty as Sudeley over its dramatic 1,000-year history. And with such a colourful and eventful past, it is easy to see why some people believe there could be spirits from bygone eras which still wander the halls and corridors to this day

Read more
Tue, 11:04

‘If its autumn in Gloucestershire, then it must be time for Apple Day when we celebrate cider’

Read more

What started as a business ploy by one Cotswold firm has developed into an inspirational garden

Read more
Mon, 16:08

The weekend is fast approaching and for those still deciding how to spend their Friday through to Sunday, we pick 5 of the best ways to spend your weekend in the Cotswolds

Read more
Mon, 14:51

‘What meal would you choose, if you could only ever eat that meal three times a day forever and day?’

Read more
Friday, October 12, 2018

Here’s our pick of some of the very best chefs from our local pubs, restaurants and hotels in and around the Cotswolds and sharing their advice and tips on how they made themselves and their businesses successful

Read more

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Latest Competitions & Offers

Topics of Interest

Food and Drink Directory A+ Education

Subscribe or buy a mag today

subscription ad

Local Business Directory

Property Search