Productivity isn’t just a buzzword, but a bottom line signal. A Bain & Company study found that the fastest growing and best performing companies are at least 40% more productive than their competitors. Even more significantly, they have better profits: The operating margins are up to 50% higher than others.

There are some clear-cut initiatives you can take to make your organization part of these high-powered productivity businesses.

First, focus on the productivity of your organization as a whole, and less on each worker, as the latest research says even the most productive individual will not prosper in an unsupportive environment. The Bain & Company study found that a company loses more than 20% of its productivity to “organizational drag.” This means “the structures and processes that consume valuable time and prevent people from getting things done.”

To read this article in full, please click here