PRODUCTIVITY

OCTOBER 2017

Dear Client

I found Ray Dalio’s ideas on productivity so interesting. From his book “Exploring Markets”, what Ray Dalio says:

“Over the long term, what raises living standards is productivity – the amount that is produced per person – which increases with new ideas and production efficiency. Productivity evolves slowly, so it doesn’t drive big economic market moves, but it is what matters most over the long run”.

The business that is productive has a boss and workers that work hard, but hard work in itself is not necessarily being productive. Being productive means they work hard, as well as effective. In other words, if you compare them with another similar business where the boss and the workers work hard, the business where they work hard and productively, will have a turnover twice as good, with quality twice as good and a profit more than twice as good.

I thought that South Africa has so much potential, if we can have more productive leaders and officials like the Mayor of Johannesburg, Herman Mashaba. Hopefully more of his like will come to fore in years to come.

Friendly Greetings

Andre Delport