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Management practices - a special “technology” to invest in

By Eszter Czibor on Wednesday, 9 October 2019.

What comes first to mind when we hear the words “technology adoption”? Answers tend to range widely, from a new machine, to a resistant seed variety, to an online payment method, but they rarely include organisational practices. However, besides using new inputs or processes for the production of goods and the delivery of services, we can also improve firm productivity by changing its “management technology”.