To understand leadership, it is necessary to understand the purpose of an organization. Organizations are hierarchies … specific contributions of leaders. Leadership is the ability to successfully manage transaction costs of an organization …

Increasing evidence indicates the importance of management in determining firms' productivity. Yet, causal evidence … regarding the effectiveness of management practices is scarce, especially for high-skilled workers in the developed world. In an … management practices: (i) performance monitoring; (ii) performance feedback; (iii) target setting; and (iv) pro-social incentives …

example, an increase of trust in management that is about one tenth of the scale is equivalent to more than 30% increase in …