The trouble is that part of the recent acceleration is due to the usual rebound that occurs at this point in a business cycle, and so is not conclusive evidence of a revival in the underlying trend.New ways of organizing the workplace --- including reengineering and downsizing --- are only one contribution to the overall productivity of an economy, which is driven by many other factors such as joint investment in equipment and machinery, new technology, and investment in education and training.His colleague, Michael Beer, says that far too many companies have applied reengineering in a mechanistic fashion, chopping out costs without giving sufficient thought to long term profitability.
The trouble is that part of the recent acceleration is due to the usual rebound that occurs at this point in a business cycle, and so is not conclusive evidence of a revival in the underlying trend.<br><br>New ways of organizing the workplace --- including reengineering and downsizing --- are only one contribution to the overall productivity of an economy, which is driven by many other factors such as joint investment in equipment and machinery, new technology, and investment in education and training.<br><br>His colleague, Michael Beer, says that far too many companies have applied reengineering in a mechanistic fashion, chopping out costs without giving sufficient thought to long term profitability.
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