So how much difference does a good boss or a bad one make? Turns out, the answer is a lot.
When managers practiced "advanced management", companies were more productive, a recent study found. These advanced practices include employee monitoring, financial incentives, goal setting, modern inventory control and work-flow techniques.
For the study, Stefan Bender, Nicholas Bloom, David Card, John Van Reenen, and Stefanie Wolter looked at data from mid-sized German manufacturing companies.