Study finds structured management practices boost productivity and profits

A new study shows that companies with structured management practices achieve higher productivity and profitability. Researchers from 14 countries used a simplified questionnaire to assess management practices, finding a consistent positive correlation across various nations. The study, led by Daniela Scur, highlights that better management scores relate to increased company size and export sales. The research utilized a cost-effective survey method, making it easier for firms to assess their management practices. The findings indicate that structured management is particularly beneficial in competitive markets. The study aims to provide accessible tools for researchers and practitioners to improve management practices globally.