The past 60 years have seen an explosion in the sophistication, quantity and quality of management research and education in western economies. This growth has been driven by for-profit organisations seeking to maximise their return on investment.

There is much anecdotal praise for the benefits of management capability but until recently there was little hard evidence. A recent paper published by the London School of Economics in conjunction with McKinsey & Co[29] shows the results of five years of investigation into the performance of over 4000 manufacturing firms around the world.

The critical result, illustrated above is that increased management (practice) is closely correlated with organisational performance on a number of measures.

This result is consistent across a number of geographies and operating conditions indicating the universality of the finding.

The Social Economy is yet to experience this growth in education of its executives and to benefit from impact of applying increased capability to the limited resources available to solve social issues.

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