This report is the last of a series of three themed reports which update research related to three key areas: innovation, productivity and management practices. The evidence from recent UK experience is that productivity and performance are more influenced by what happens inside organisations than the economic and regulatory environments that they operate in. The adoption and utilisation of new management practices is closely linked to productivity. Yet efforts by UK managers to translate new management practices into improved performance have been both slower and less successful than some of their counterparts in France, Germany and the US. It is imperative, therefore, that managers, policymakers and researchers achieve a better understanding of the challenges in realising the benefits of promising management practices for both firms and the economy. This research report challenges widely held assumptions about the value of management practices and provides recommendations and tools for managers and policymakers.