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Firms with more structured management practices are more productive, innovative and have faster employment growth.

May 2014
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Tags: economy; erik brynjolfsson; itay saporta; john van reenen; lse comment; lucia foster; megha patnaik; nicholas bloom; ron jarmin; employment; firms; management; work

In 2010, the US Census Bureau conducted the first large-scale survey of management practices in America, gathering data on more than 30,000 manufacturing plants. Nicholas Bloom and colleagues find strong links between establishments’ performance and the quality of their systems of monitoring, targets and incentives. Business schools have long stressed the importance of good management, but until recently economists have […]