Definition
The Confederation of British Industry — the United Kingdom's premier business organisation, representing over 190,000 businesses that together employ approximately seven million people. The CBI provides a voice for businesses of all sizes to government, policymakers, and international institutions on issues including productivity, investment, regulation, and trade. The CBI has been particularly influential in highlighting the UK's productivity challenge and the role of intangible investment in driving economic growth. Through its research and policy recommendations, the CBI has advocated for improved tax incentives for intangible investment, better measurement of intangible assets in national accounts, and policies that support innovation, skills development, and digital transformation across the UK economy.
Complementary Terms
Concepts that frequently appear alongside CBI in practice.
The rate at which a firm increases its output relative to its inputs over time. Productivity growth is a key indicator of operational efficiency and long-term competitiveness, closely linked to investment in intangible assets such as technology, training, and process improvement.
The amount of output produced per unit of labour input, commonly measured as gross value added (GVA) divided by labour costs or number of employees. Labour productivity is a key efficiency metric that reflects the quality of human capital, processes, and technology deployed by a firm.
The total monetary value of all finished goods and services produced within a country during a specific time period. GDP is the broadest measure of national economic output and is widely used as a proxy for overall economic health.
A set of measurement guidelines and statistical standards developed by the Organisation for Economic Co-operation and Development for comparing productivity across countries and sectors. The OECD framework addresses the treatment of intangible investment, quality adjustment, and multi-factor productivity, providing the foundation for international productivity benchmarking.
The value derived from a company's capacity to develop new products, services, processes, and business models. Innovation capital encompasses R&D capabilities, creative talent, experimentation culture, and the pipeline of ideas at various stages of development.
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