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462. The Science of Management with Nicholas Bloom

unSILOed with Greg LaBlanc

CHAPTER

The Paradox of Poor Management

This chapter investigates why poorly managed companies persist and survive, particularly focusing on family-owned businesses and their management transitions. It examines the impact of local monopolies and regulatory conditions on management quality, while also presenting a case study of Danaher to illustrate effective management practices. The discourse extends to multinational corporations and government-owned organizations, emphasizing the complexities of implementing management improvements and the hesitancy to invest in consulting despite proven benefits.

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