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Efficiency and Productivity
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TOPIC: Delivering savings through transparent operations

Delivering savings through transparent operations 10 months, 2 weeks ago #1

Is it possible for the public sector to save money whilst admitting faults brought through their own inadequacies? I ask this question following a piece I read recently that pointed to the public sectors lack of ownership and responsibility to admit overspending their annual budgets, surely if each Authority took responsibility for past actions they can understand more clearly how to prevent such issues in the future. What are your thoughts users?
Last Edit: 10 months, 2 weeks ago by Scott Buckler.

Re: Delivering savings through transparent operations 10 months ago #2

In the Private Sector (which has many ideas it can share with the Public Sector) businesses have embraced finding solutions rather than allocating blame. This has allowed the open-minded analysis of past performance and identification of real shortfalls in efficiency, with rapidly applicable effective solutions. As FD of UniChem, a large healthcare company, one area that screamed opportunity to James Frost was Profit Recovery.

James used specialist support from experts in this area, a firm called Profit Recovery Solutions (PRS) as they work entirely on success basis with no risk to the client i.e. no recovery, no fee. PRS ran a successful programme at UniChem where they recovered in excess of £3.5m and as proof of the above, James has continued to use their services whilst FD at subsequent major organisations. On both occasions PRS have discovered weaknesses in systems that would not have otherwise been discovered.

Mohsin Kaba, Profit Recovery Solutions

Re: Delivering savings through transparent operations 8 months ago #3

When I joined Bournemouth Corporation long ago to take up the job of Senior Solicitor with them, my arrival coincided with John Bowen FCA's start as the new Chief Executive. We both sought some simple rule of thumb to tell us whether we were succeeding or failing in our jobs. We concluded that our local figure for new job creation compared with the national average would be as good a measure as any. Over the ensuing periods the figure was pushed up 2 x, 3 x, 6 x, 9 x and finally 11 x at which point I moved on to undertake a different project - the amalgamation of the compact City of Carlisle with the multitude of villages forming the 400 sq mile Border area.

I believe such results are always possible given adequate legal framework, political will and robust determination on the part of the individuals concerned.

Fast forward to March 2012. Let us consider that Israel, a country with about half the population of London, currently has 4000 high-tech start-ups. In 2010 inflow of venture capital was $884 m. High-tech exports are running at $18.4 bn - about 45% of national total.

I find it sad that in proportion we do not come close to matching this despite our advantages. I am convinced part of the reason lies in our defective law of patents and the lack of attention by our companies to their wealth of patentable assets.

I discussed the issue at a meeting informally with the Dean of a top Faculty of Engineering. He expressed the same opinion about the necessity for change extending patent protection to justify increasing investment in new inventions and stimulate patentable enhancements to existing ones. We were told yesterday no new antibiotic has emerged since 1960. A change in patent rules can result in high-tech factories and new labs springing-up and jostling for space both sides of the M 25 and across England if we create the right circumstances. Twenty new products with similar impact to Zantac could solve our national finance problem
At present copyright protection can extend to life of the Author plus 70 years. That's too long. Patent protection extends to 20 years - nowhere near enough. The Professor and I share the view that legislators need to go all out for 50 years patent protection and eventually settle for 40 if irresistibly forced.
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