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The World Management Survey at 18: lessons and the way forward

Author

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  • Daniela Scur
  • Raffaella Sadun
  • John Van Reenen
  • Renata Lemos
  • Nicholas Bloom

Abstract

Understanding how differences in management ‘best practices’ affect organizational outcomes has been a focus of both theoretical and empirical work in the fields of management, sociology, economics, and public policy. The World Management Survey (WMS) project was born almost two decades ago with the main goal of developing a new systematic measure of management practices being used in organizations. The WMS has contributed to a body of knowledge around how managerial structures, not just managerial talent, relate to organizational performance. Over 18 years of research, a set of consistent patterns have emerged and spurred new questions. We present a brief overview of what we have learned in terms of measuring and understanding management practices and condense the implications of these findings for policy. We end with an outline of what we see as the path forward for both research and policy implications of this research programme.

Suggested Citation

  • Daniela Scur & Raffaella Sadun & John Van Reenen & Renata Lemos & Nicholas Bloom, 2021. "The World Management Survey at 18: lessons and the way forward," Oxford Review of Economic Policy, Oxford University Press, vol. 37(2), pages 231-258.
  • Handle: RePEc:oup:oxford:v:37:y:2021:i:2:p:231-258.
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    Cited by:

    1. Katarzyna Bilicka & Daniela Scur, 2021. "Organizational capacity and profit shifting," CEP Discussion Papers dp1795, Centre for Economic Performance, LSE.
    2. Anna Valero, 2021. "Education and management practices," Oxford Review of Economic Policy, Oxford University Press, vol. 37(2), pages 302-322.
    3. Erik Brynjolfsson & Wang Jin & Kristina McElheran, 2021. "The power of prediction: predictive analytics, workplace complements, and business performance," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 56(4), pages 217-239, October.
    4. Mahvish Farhan & Karl Taylor, 2021. "The Impact of a New Quality Management Practice on Firm Performance: Evidence From Pakistan," Working Papers 2021008, The University of Sheffield, Department of Economics.
    5. Nicholas Bloom & Takafumi Kawakubo & Charlotte Chunming Meng & Paul Mizen & Rebecca Riley & Tatsuro Senga & John Van Reenen, 2021. "Do Well Managed Firms Make Better Forecasts?," Economic Statistics Centre of Excellence (ESCoE) Discussion Papers ESCoE DP-2021-18, Economic Statistics Centre of Excellence (ESCoE).
    6. McNally, Sandra & Schmidt, Luis & Valero, Anna, 2022. "Do Management Practices Matter in Further Education?," IZA Discussion Papers 15213, Institute of Labor Economics (IZA).
    7. Mu-Jeung Yang, 2021. "The interdependence imperative: business strategy, complementarities, and economic policy," Oxford Review of Economic Policy, Oxford University Press, vol. 37(2), pages 392-415.
    8. Jacquelyn Pless, 2022. "To Starve or to Stoke? Understanding Whether Divestment versus Investment Can Steer (Green) Innovation," NBER Chapters, in: Entrepreneurship and Innovation Policy and the Economy, volume 2, National Bureau of Economic Research, Inc.
    9. Jan De Loecker & Tim Obermeier & John Van Reenen, 2022. "Firms and Inequality," CEP Discussion Papers dp1838, Centre for Economic Performance, LSE.
    10. Klockmann, Victor & von Schenk, Alicia & von Siemens, Ferdinand A., 2021. "Division of labor and the organization of knowledge in production: A laboratory experiment," Games and Economic Behavior, Elsevier, vol. 130(C), pages 196-210.
    11. Cornelius A. Rietveld & Pankaj C. Patel, 2022. "A critical assessment of the National Entrepreneurship Context Index of the Global Entrepreneurship Monitor," Papers 2204.05749, arXiv.org.
    12. Yue-Yi Hwa & Clare Leaver, 2021. "Management in education systems," Oxford Review of Economic Policy, Oxford University Press, vol. 37(2), pages 367-391.

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    More about this item

    Keywords

    management practices; management policy toolkit; World Management Survey; productivity;
    All these keywords.

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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