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Study Shows Impact of Best Management Practices on Business Performance

Posted By Melissa Dorow, Wednesday, January 29, 2014
Updated: Wednesday, January 29, 2014

Melissa DorowThe Economist recently published an article, Measuring Management, featuring a study conducted by a group of economists, including Nicholas Bloom of Stanford University and John Van Reenen of the London School of Economics, on the impact of management on corporate performance. 

 

The study focused on three commonly accepted management techniques – setting targets, rewarding performance, and measuring results – and compared the implementation of these techniques to the performance of over 10,000 organizations in 20 countries.  The results of the study show that certain best practices in management are strongly associated with better performance. 

 

This is why quality management education is so important in the developing world.  Knowledge and implementation of best management practices improve performance and lead to sustainable competitive advantage.   GBSN continues to work with our member schools and partners to strengthen management education for the developing world precisely because of the impact that good management can have on businesses, governments, and entire economies.

 

 

Melissa Dorow is the Communications Intern at the Global Business School Network.

Tags:  Business Education  Management Education  The Economist 

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