A penny saved is . . . a penny saved

Don't get me wrong, I am hardly a spendthrift and have a keen respect for those business people who can "skin the beaver off a nickle" as they say. And, it seems that Canadian business people find cost-based productivity the easiest to control, understand, and appreciate. But, as the following quote from James Milway, executive director of the institute for competitiveness, at Rotman, says,

What our Canadian businesses ought to be doing is looking for ways to enhance revenue, instead of just the cost line . . That has as much of an impact on productivity and has a longer-term impact on productivity if we can focus on how do we get more sophisticated products out there, better branding, and more innovation on the product line.

It all comes from a Globe and Mail article today covering the most recent OECD downgrading of the Canadian competitive standing. Full article is here: Canada slips in competitiveness.

Posted by Grayson at October 14, 2004 09:36 AM