Management Practices

These flashcards cover key vocabulary related to management practices and their impact on productivity and performance.

Management Practices

Actions taken by managers that are aimed at increasing productivity.

Productivity

A measure of how efficiently inputs are converted into outputs, determining how much each employee produces.

Total Factor Productivity (TFP)

A measure that describes the efficiency with which inputs are transformed into outputs, controlling for other inputs.

World Management Survey

A series of surveys conducted to measure management quality in firms across different sectors and countries.

Frontier Firms

The most productive firms within an industry that achieve exceptional labor productivity.

Operational Effectiveness

The extent to which companies can successfully execute the best practices to optimize their operations.

Managerial Ability

The capabilities or skills of managers that contribute to their effectiveness in leading firms.

Organizational Frictions

Barriers that hinder the implementation of management practices, often tied to company culture and employee relations.

Self-Scored Management

An evaluation method where managers assess their firm's management quality on a scale.

Causation in Management Practices

The relationship where improving management practices leads to enhanced productivity and firm performance.

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction rather than for some separable consequence.

Family-Owned Firms

Businesses owned and operated by family members which often face unique management challenges.

Assessment of Public Sector Management

Measuring how management practices impact the performance and efficiency of public sector organizations.

Management Training

Programs designed to enhance the managerial skills and effectiveness of individuals in leadership roles.

Competition and Management

The relationship between market competition and the implementation of management practices.

Multi-tasking in Management

The performance challenges faced in managing multiple objectives and tasks in organizational settings.

Diffusion of Management Practices

The process by which effective management techniques spread from firms with high management quality to those with lower quality.

Healthcare Management Variance

Differences in management quality across health institutions and how it affects healthcare outcomes.

Performance Measurement in Public Sector

Methods used to evaluate the efficiency and effectiveness of services provided by the public sector.

Management Practices and Employee Incentives

The strategies used to motivate employees and enhance productivity through effective management.