Harvard Business Review, June 13, 2011
After a decade of painstaking research, we have concluded that American firms are on average the best managed in the world. This is not what we — a group of European researchers — expected to find. But while Americans are bad at football (or soccer, as it's known as locally), they are the Brazilians of Management.
Over the past decade, a team from Harvard Business School, London School of Economics, McKinsey & Company, and Stanford has systematically surveyed global management. We have developed a tool to measure management practices across operational management, monitoring, targets, and people management. We scored each dimension on a range of practices to generate an overall management score, surveying over 10,000 firms in 20 countries. This has allowed us to create the first global database of management practices.
Here are some of our findings.
Well managed firms thrash their poorly managed competitors
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Do you want to know where your firm would fall in the rankings? For more on our research agenda and related work, go to the World Management Survey, where you can also benchmark your own organization and determine where you fall within the ranks of your industry or nation.
Nicholas Bloom is a Professor of Economics at Stanford University. Rebecca Homkes is the Director of the Management Project and a Research Officer at the Centre for Economic Performance at the London School of Economics. Raffaella Sadun is Professor of Strategy at Harvard Business School. John Van Reenen is the Director of the Centre for Economic Performance and a Professor of Economics at the London School of Economics.
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