All organizations are in the business to create value for customers, shareholders and stakeholders. Whether the organization is for profit or non-profit, at the core of the existence of the business, is the idea or goal of creating value. However the realities of the current economic environment of increased competition, high financial and depressed economic realities, are forcing organizations to find and apply methods to innovate and be more effective.
Executive Director of The St Lucia Chamber of Commerce Industry & Agriculture Mr. Brian Louisy intimated “The Chamber of Commerce understands that, and in order for its member firms to continue to provide value to their customers they must produce quality and valuable products and services. Productivity- is at the core of this prime objective and therefore we fully endorse the new ProTool Launched by the National Competitiveness and Productivity Council.”
The Business Productivity Measurement Tool, Protool. The data driven, web-based platform facilitates the measurement of productivity in the private sector. Outgoing Director at the NCPC, Fiona Hinkson, said the initiative was a labor of love. “The toll was initially designed in-house in Excel and underwent two sets of pilot testing among selected firms. Based on the feedback it was agreed to transform the tool into a web-based platform that would allow firms the comfort of assessing their performance using a secured login in a platform that would minimize errors.”
Minister for Commerce, Hon. Emma Hippolyte said the ProTool will redound to the benefit of Saint Lucia’s private sector. “When firms utilize the ProTool it provides valuable data on productivity levels in Saint Lucia especially at the sectoral level. As the data from ProTool is utilized, the issues that plague the private sector will be addressed in a meaningful, systematic and timely manner. TheProTool will afford businesses the opportunity to review productivity levels at their convenience along with other key indicators and recommendations to address the issues that they face.”
The use of theProTool is free for one year. It can be accessed via the DigiGov platform at www.digigov.govt.lc