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OPINION: Sound Management Raises Productivity, Thai Study Says.
Dec. 4--Governments around the world are committed to raising productivity to improve economic performance. As the research of the McKinsey Global Institute has shown repeatedly over the past decade, productivity at the sector level is driven by the degree to which companies are exposed to competition. Hence, the argument goes, governments should lift barriers to competition if higher productivity is the goal.
Do managers also have a part to play? It has always been assumed that good management increases productivity, but this proposition has never really been proven. However, a new McKinsey study of the manufacturing sector reveals clear evidence of a link between the two.
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Source: HighBeam Research, OPINION: Sound Management Raises Productivity, Thai Study Says.