BOSTON--(BUSINESS WIRE)--Organizations need competent management just as much as they need analytical brilliance, argue the winners of this year’s HBR McKinsey Award, which honors the best Harvard Business Review article of the year. In "Why Do We Undervalue Competent Management?,” Raffaella Sadun, Nicholas Bloom, and John Van Reenen challenge the conventional thinking that operational effectiveness is not a source of competitive differentiation. Through in-depth research involving over 12,000 firms in 34 countries, they found that companies with strong managerial processes do significantly better on metrics such as profitability, growth, longevity, and productivity. What’s more, the differences in process quality persist over time, suggesting that competent management is not easy to imitate.

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