The governor has tried in recent speeches to rebuild his reputation as an efficient manager.

ECONOMIST: Maybe, if he stays a liberal Republican

Calm and unflappable, he has proved an efficient manager, handling a disparate collection of ministers adeptly.

ECONOMIST: Romano Prodi, Italy��s would-be record-breaker

Mr Khloponin has a reputation as an efficient manager.

ECONOMIST: Russia and its regions

Ownership groups, farm systems, economics, organizational structures and philosophies are also key components in determining what constitutes an effective and efficient general manager.

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The basic argument of the first group is that the stock market is largely efficient so the only way an investment manager can beat the market is through random chance.

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