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Chicago Booth Review Podcast
Why AI might not make you more productive
May 29, 2024
Chad Syverson discusses the importance of management for productivity, even with AI. Topics include the impact of managers on retail sales, the role of management in AI implementation, and the challenges of hybrid work setups on productivity.
23:36
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Quick takeaways
- Good managers play a critical role in productivity, with their influence accounting for a significant variation in sales per worker.
- Assigning top managers to struggling stores may sacrifice revenue, highlighting the strategic decision-making process in optimizing productivity.
Deep dives
Managers' Impact on Productivity
Managers play a crucial role in productivity, with about a quarter of the variation in productivity across stores attributed to the manager's influence. Good managers can significantly increase sales per worker, akin to adding an extra worker to a team. It was discovered through data analysis that the quality of managers greatly affects the overall productivity of stores.
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