How US Can Remain Competitive

Nicholas Bloom is an economics professor at Stanford. Rebecca Homkes directs the Management Project at the London School of Economics. The two of them together write the World Management Survey.

In the "economy watch" section of the Christian Science Monitor back in July of 2011, they wrote a short piece dealing with whether US management can stay ahead of China and India. Their answer was yes, but they emphasized three things that had to be done scrupulously.

• Using metrics with management and following it on employee-by-employee. This means performance boards for each employee as seen at Toyota, Tresco or Walmart.

• Setting targets and then monitoring and meeting those targets.

• Offering incentives that reward good employees and push out the laggards.

This shrewd, concise and thoughtful article is available at the link below:

http://www.csmonitor.com/Business/new-economy/2011/0712/Can-US-management-stay-ahead-of-China-India