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They also cite a study that found that hospitals in multiple countries (Brazil, Canada, France, Germany, India, Italy, Sweden, the UK and the U.S). that had more clinically trained managers, in turn, had significantly higher management scores.
The PiLab team analyzed annual employee surveys, performance management scores, and other data to divide managers into four groups according to their quality.
The dispersion of management scores across firms was wide.
Being located near a leading university or business school is also strongly associated with better management scores.
Companies with higher management scores were also more likely to expand and less likely to go out of business.
That matters: a single percentage-point improvement in management scores correlated to a 6% fall in the death rate from heart attacks within 30 days.
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Those ratings are then averaged to produce an overall management score for each company.
Indeed, our data shows that the average management score is significantly higher at firms with better-educated employees.
That seems a good rule: institutions that employ clinically qualified staff in management score better than those that do not.
Yesterday, Hercules' management scored its second victory this week, announcing that it expected to beat analysts' second-quarter and full-year estimates.
Worst of all were family-owned firms run by the founder's eldest son, with an average management score of 2.53.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com