Despite a general productivity decline across the globe, the productivity of a small number of manufacturing firms has been growing at an average annual rate of 3.5%, or twice the rate of the average manufacturing firm, according to OECD research. A more extreme version of this phenomenon happened in services, with firms on what OECD calls the “global productivity frontier” seeing growth of 5%, eclipsing the productivity increase in average companies. Writing on HBR.org, OECD’s Chiara Criscuolo says the top global firms have the capacity to innovate, while the rest are slow to adopt new technologies and best practices. The Great Recession, of course, didn’t help.
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