Purpose

Research shows that better management practices indeed improve organizational performance. According to academics Nicholas Bloom, John Van Reenen, and others, manufacturing plants that adopted better, more structured management practices, for example, achieved stronger economic performances on a broad range of measures related to productivity, profitability, growth, and innovation. The relationship is robust across sectors (public, private, and non-profit), industries, and regions.

Better leadership and management also correlate with more supportive human resources practices and environmental performance—suggesting that economic progress does not have to be at the expense of inclusion and environmental sustainability. Indeed, there is a multiplier effect as better managers invest in developing their colleagues and processes to enable and guide them. Management and entrepreneurship education is especially important to improving critical areas such as healthcare, infrastructure, energy, agriculture, and government, and boosting shared prosperity.

Economies and societies grow on the success of organizations that create meaningful jobs, increase wealth and well-being, and generate innovations to improve society. These organizations are created by resourceful entrepreneurs and run by competent, responsible leaders and managers. Our role at GBSN is to bring together the business schools that share our values and educate those leaders and managers to collaborate, pool knowledge, and build on each other’s experiences to tackle local and global challenges, ultimately improving the well-being of society.