LSE ranked first in the UK for Business and Management Studies

LSE’s Department of Management has grown significantly, with more than 35 faculty joining its ranks since 2008. This growth has strengthened its expertise in employment relations and human resource management, information systems, managerial economics and management science and supported new research in behavioural analysis and organisational behaviour, public management, marketing and entrepreneurship.

Across these fields, the department maximises its expertise by drawing on interdisciplinary insights and methodologies. Researchers capitalise on their access to LSE’s core strengths, particularly in economics, psychology, sociology, political science and mathematics.

The success of this approach is reflected in the results of the 2014 Research Excellence Framework: assessors awarded an impressive 59 per cent of the work submitted jointly by the Department with the LSE Department of Finance and LSE Department of Accounting the highest (4 star) rating, indicating that they considered it 'world-leading'. A further 31 per cent was graded 3 star. This result saw LSE ranked first in the UK for Business and Management Studies.   

Aside from the quality of its research the Department’s success derives from a strong tradition of applied work, founded in public policy and wide-ranging networks within industry, charities and NGOs.

Industry connections are supported by activities, including workshops with former senior executives of major companies such as BT and GSK, and through the Department’s Visiting Fellows scheme, which includes individuals with extensive business experience in organisations such as Shell, Oracle and British Airways.

The Department also has well-established links with the UK and Scottish governments, and its impacts on policy are often profound. Work led by Dr Edgar Whitley, for example, played a key role in persuading the Coalition government to abandon controversial plans  to introduce the use of national biometric identity cards across the UK.

Departmental research has helped frame financial services regulations in the UK and elsewhere. Research on behavioural economics supported the development of new consumer protection policies in the UK, implemented by the Financial Conduct Authority, while in Spain work by Professor Luis Garicano supported reform of savings banks by exposing the extent and effects of corruption in their appointment of some senior management.

Impacts also arise from collaborative work with public sector practitioners, particularly in the NHS. Here, the Department’s research has made important contributions both to improving performance and driving enhanced efficiencies in healthcare spending, the rate of which currently stands in excess of £100 billion annually in England alone.

Departmental results: Business and Management Studies|

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Impact Case Study Summaries