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Poor management cited as a key supply-side weakness for the UK
11th December 2018
An excellent piece here in the Guardian for dissecting some of the supply-side weaknesses brought about by under-performing management especially in family-run mid-sized firms.
According to the article, foreign-owned businesses are more productive than British firms and part of the explanation is their superior management skills.
According to the author (Phillip Inman)
"Too often, management training is an afterthought, if it happens at all, and that means UK managers lack the skills and the environment to prosper."
Why are so many UK businesses just barely managing to get by? https://t.co/LPSCMHLsPn
— The Guardian (@guardian) December 8, 2018
There is a bigger fraction of atrociously managed firms in the UK than the US, @johnvanreenen quoted by @phillipinman in piece on management & productivity, @CEP_LSE https://t.co/atjsy0xguM
— Romesh Vaitilingam (@econromesh) December 11, 2018
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Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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