Vox:
Adding a piece to the productivity puzzle: Management practices
17 May 2017
Article by Nicholas Bloom, Erik Brynfolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta Eksten and John Van Reenen
Disentangling the relationship between management practices and productivity has been hampered by the absence of large sample data across plants and firms. This column exploits a new survey covering US manufacturing to show that management practices vary both among and within companies. Furthermore, management practices are just as important for productivity as a number of other factors associated with successful businesses, such as technology adoption.
Related publications
What Drives Differences in Management? Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen, Centre for Economic Performance Discussion Paper No.1470, March 2017