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Sunday, April 04, 2004
Prophet of Productivity -John chambers Via FCCisco CEO John Chambers sure showed the chrome-domes in Davos a thing or two.There is a one-to-one correlation between GDP growth and productivity growth," he drawled, "and a 0.98-to-1 correlation between the percentage of capital investment going into your economy and productivity growth."I believe--and I said it four years ago--that you should drive your economies at 2% to 3% productivity growth a year, and 3% to 5% is not out of the question. Four to five years ago, economists said that was impossible. But I believe it is possible, and [if you can do this] you should grow GDP one to two points above productivity increases."
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