To improve public procurement – use the Trust Test
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
by Jermaine Haughton
A focus on short-term profitability is putting the future success of UK businesses at risk.
British businesses are abandoning strategies aimed at long-term success in order to focus on short-term efficiency savings in their operations, according to a report from think tank Tomorrow’s Company, UK Business: What’s wrong? What’s next?.
The study, found that the pressure to cut prices for customers and clients while making greater returns to shareholders is contributing to a range of problems, from low employee motivation to poor quality control.
For managers, a major problem emanating from the pressure from employers to produce short-term financial outcomes is low employee engagement, morale and productivity – the report found that only 49% of people would be likely to recommend their company as an employer to others.
More worryingly, Kenexa’s Employee Engagement Index (EEI) gave the UK the lowest score among a group of the world’s largest economies…
Public procurement is too often solely made on price, and not enough on true value and to account for areas...
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We need a social contract that is fair, so that everyone has the chance to progress.
Joining Russell Goldsmith at the London offices of GSK to discuss this issue, were Kerry O'Callaghan, VP for Global Brand...
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