UK Competitiveness: Moving to the Next Stage
The UK has seen its economic performance improve significantly over recent years. But despite this positive trend, there remains a productivity gap towards the US and the leading continental European countries. This report provides a broad assessment of UK competitiveness to analyze the root causes for this gap. It dismisses the claim that weak management might be the culprit for the lower level of R&D and productivity in UK companies. Instead, it points towards the need to move competitiveness upgrading to a new level, thus providing an environment where companies will face conditions in which they can and need to move towards more knowledge-based modes of competing. The UK has been successful as a very open, highly competitive economy where barriers to rivalry have been removed and companies excelled in making the most from existing assets. It now needs to move to a model where investments in the business environment enable companies to also build new skills and assets. This requires changes in government policy as well as in company strategies.
Management Analysis, Tools, and Techniques;
Research and Development;
Competency and Skills;
Knowledge Use and Leverage;