Long-standing acumen7 member Peter Dixon was February’s second presenter. Peter explained that a ‘productivity puzzle’ has arisen from the way issues have been formulated for decades. The economists say productivity drives growth, whereas the strategists say growth drives productivity. Reformulating the issue opens up opportunities for valuable discussions and enables a productivity conversation to replace the productivity puzzle. Peter also illustrated why manufacturing really matters and how manufacturing sectors form the physical linkages between economies. The informative session included an overview of experience curves and how long term competitor performance is driven by comparative performance relative to economy averages.
