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This report presents the findings from the Management Practices and Productivity Global Benchmarking Project, focusing on key management practices in New Zealand. It includes data from 152 manufacturers with over 50 staff and international research from 17 countries. The report highlights the impact of management practices on profitability, sales, and the number of employees.
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Findings from the Management Practices and Productivity Global Benchmarking ProjectApril 2010 Management Matters in New Zealand
Background • Developed by McKinsey and Co, and London School of Economics • Focused on key management practices • 152 NZ manufacturers with more than 50 staff • International research - 17 countries
Management Practices impacts on …- Profit per employee- Sales - Number of employees
Labour-Management Practice Equivalency % Capital-Management Practice Equivalency % Contribution of management practice to the firms productive output is equivalent to large increases in existing labour or capital 177 +41% +77% 141 100 100 Base level of Capital and Management Practice Score at ‘25th percentile’ Level of Capital to achieve an equivalent level of firm output if Management Practice Score increased from the 25th to the 75th percentile Base level of Labour and Management Practice Score of ‘25th percentile’ Level of Labour to achieve an equivalent level of firm output if Management Practice Score increased from the 25th to the 75th percentile Improved Management Practices Impact on Capital and Labour
Speakers • Tom West • Ministry of Economic Development • Tom.West@med.govt.nz • Craig Armstrong • NZ Trade and Enterprise • Craig.Armstrong@nzte.govt.nz • Research report available on • www.med.govt.nz
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