Hasnain says:

“Delving into specific papers, Bloom et al (2013) ran a randomized controlled trial (an RCT) on Indian textile firms, where some firms were randomly chosen to receive management training. The management advice was as simple as “record inventories”, yet this led to staggering increases in productivity – within the first year, treated firms saw a 17% increase in productivity, or a gain of $300,000 in productivity. This gap in productivity persisted, even nine years later on, in a follow-up study. “

Posted on 2024-08-30T08:09:28+0000