
unSILOed with Greg LaBlanc
462. The Science of Management with Nicholas Bloom
Sep 12, 2024
Nicholas Bloom, a Stanford economics professor and co-director at the National Bureau of Economic Research, discusses the crucial link between management quality and economic productivity. He explores the historical trends of management practices and their impact on firm performance. Bloom shares insights on measuring management effectiveness, particularly in hybrid work settings, and offers tips for improving management based on global studies. He also delves into how uncertainties can create investment opportunities and the influence of universities on local management practices.
47:53
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Management significantly influences productivity growth, yet it is often underestimated compared to technological advancements in firms.
- Effective management practices, particularly in monitoring and incentives, are critical for performance improvement and addressing underperformance.
Deep dives
The Impact of Management on Productivity
Management plays a crucial role in driving productivity, yet it is often overlooked as a technology. Historical data shows that productivity growth has been sluggish until significant management innovations emerged, particularly during the industrial revolution. Compared to technological advancements, the spread of effective management practices is slower, highlighting the importance of understanding how management can enhance productivity. For example, innovations in performance reviews and production techniques, such as lean production from Toyota, have historically transformed industries and significantly impacted productivity rates.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.