What Drives Differences in Management?
Partnering with the Census we implement a new survey of “structured” management practices in 32,000 US manufacturing plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within the same firm. This management variation accounts for abo...
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Veröffentlicht in: | NBER Working Paper Series 2017-03, p.23300 |
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creator | Saporta-Eksten, Itay Foster, Lucia S Jarmin, Ron S Brynjolfsson, Erik Van Reenen, John Patnaik, Megha Bloom, Nicholas |
description | Partnering with the Census we implement a new survey of “structured” management practices in 32,000 US manufacturing plants. We find an enormous dispersion of management practices across plants, with 40% of this variation across plants within the same firm. This management variation accounts for about a fifth of the spread of productivity, a similar fraction as that accounted for by R&D, and twice as much as explained by IT. We find evidence for four “drivers” of management: competition, business environment, learning spillovers and human capital. Collectively, these drivers account for about a third of the dispersion of structured management practices. |
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subjects | Corporate Finance Economic theory Human capital Industrial Organization Labor Studies Management Manufacturing Productivity Productivity, Innovation, and Entrepreneurship |
title | What Drives Differences in Management? |
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