Remove GDP Remove Kaizen Remove Management
article thumbnail

The Case for Investing More in People

Harvard Business Review

In the decade between 2005 and 2015, labor productivity in the US as measured by GDP per labor hour was less than 1% for 7 of the 10 years, according to the OECD. Managed by Q, a cleaning and office services company in New York City, decided to pay employees higher wages than the prevailing market rate. And wages are stagnant.

article thumbnail

How to Successfully Work Across Countries, Languages, and Cultures

Harvard Business Review

The company also aspired to raise the overseas portion of its revenue in response to the projected shrinking of the Japanese GDP as a portion of global GDP ( from 12% in 2006 to 3% in 2050 ) and wanted to expand its global talent pool. Above all, company aspired to become the number one internet services company in the world.