Food for Thought: Nicholas Bloom on the Impact of Management on Firm Performance
Professor Bloom discussed the impact of modifying management practices in the Indian textile industry.
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Does management matter for firm performance? In the media we see plenty of evidence that appears to suggest this, from Elon Musk’s time at Twitter to Toyota’s revolution in car manufacturing, highlighting the critical role of good and bad management. But what about rigorous research evidence?
On Wednesday, April 19, 2023, the King Center on Global Development invited the Stanford student community to hear from Nicholas Bloom, the William Eberle Professor of Economics. His talk examined two research papers from a joint Berkeley-Stanford-World Bank randomized control trial project on management practices in Indian textile plants, highlighting the impact of a consulting intervention by Accenture on the firm and employees.
Nicholas (Nick) Bloom is the William Eberle Professor of Economics at Stanford University. His research focuses on working from home, management practices and uncertainty. He previously worked at the UK Treasury and McKinsey & Company.
He is a Fellow of the American Academy of Arts and Sciences, and the recipient of the Guggenheim and Sloan Fellowships, the Bernacer Prize, the Frisch Medal and a National Science Foundation Career Award. He has a BA from Cambridge, an MPhil from Oxford, and a PhD from University College London.
On the personal side he is English, living with his Scottish wife and American kids on Stanford campus, in a multi-accented English household.More about Nick Bloom