Good management can make the world a better place
By Rafael M. Pefianco MPM FAAPM
by Rafael M. Pefianco MPM FAAPM
A couple of days ago, a friend of mine, Ramon Fernando emailed me a link to an article on the blog slate.com by Ray Fisman and Tim Sullivan that claims that recent scientific studies confirm that management has the power to transform the world. By exporting better management to the rest of the world, we could raise standards of living dramatically and really make the world a better place. What an interesting idea.They say that
“Inventory controls, workplace efficiency, and more paperwork help countries and businesses more than you can imagine.”
Better management, they say, produces more efficient companies that boost economic output, which may ultimately translate into higher incomes and wealth for the world’s poor. So why are we not benefitting more from good management? They write that management, despite its age, is not evenly distributed around the world. Still, the average firm has a lot to gain from some managerial guidance and expertise.
You can read the full article at http://www.slate.com/articles/business/the_dismal_science/
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