Comments on: Regional Strategy & Monty Python http://jbsh.co.uk/2008/02/07/regional-strategy-monty-python/ Advancement through integrated knowledge Thu, 01 Sep 2011 06:29:21 +0200 hourly 1 http://wordpress.org/?v=3.3.1 By: JohnB http://jbsh.co.uk/2008/02/07/regional-strategy-monty-python/#comment-20 JohnB Thu, 07 Feb 2008 07:41:35 +0000 http://www.jbsh.co.uk/2008/02/07/regional-strategy-monty-python/#comment-20 I would see it slightly differently - part of the issue with productivity is that it's one factor in competitiveness, but only one. As a case in point, letting chickens run about under the trees and growing slowly isn't as productive as sticking them in a climate controlled shed, but it's a huge competitive advantage and one that's growing the market. If you're an artist or creative media type, productivity isn't always a very useful measure of your success, your 'brand' or style or creative innovation is your competitive advantage even if you only produce one or two installations per year. If you establish a competitive advantage you can create new markets, new earnings, new products, etc. Obviously I'm not saying that productivity isn't important and we shouldn't fritter away resources, just that if you aren't growing the market or creating new ones (by establishing competitive advantages), then in times of recession (or near recession) productivity increases will only take you so far. I would see it slightly differently – part of the issue with productivity is that it’s one factor in competitiveness, but only one. As a case in point, letting chickens run about under the trees and growing slowly isn’t as productive as sticking them in a climate controlled shed, but it’s a huge competitive advantage and one that’s growing the market. If you’re an artist or creative media type, productivity isn’t always a very useful measure of your success, your ‘brand’ or style or creative innovation is your competitive advantage even if you only produce one or two installations per year.

If you establish a competitive advantage you can create new markets, new earnings, new products, etc.

Obviously I’m not saying that productivity isn’t important and we shouldn’t fritter away resources, just that if you aren’t growing the market or creating new ones (by establishing competitive advantages), then in times of recession (or near recession) productivity increases will only take you so far.

]]> By: Gordon Rae http://jbsh.co.uk/2008/02/07/regional-strategy-monty-python/#comment-19 Gordon Rae Thu, 07 Feb 2008 00:23:00 +0000 http://www.jbsh.co.uk/2008/02/07/regional-strategy-monty-python/#comment-19 Sorry, what is "competitive advantage-led growth"? Competitive advantage without productivity improvements can't create growth, it can only redistribute earnings between competitors. Sorry, what is “competitive advantage-led growth”? Competitive advantage without productivity improvements can’t create growth, it can only redistribute earnings between competitors.

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