Since the intention of the study was to judge how well unit-trust managers performed (rather than answer the slightly different question of how well investors did), the harmful impact of costs associated with buying into the funds, a big issue in Britain, was eliminated.

ECONOMIST: Mutual suspicion | The

The new study, which groups managers under the headings of red, yellow and green, is available here.

FORBES: $23 Trillion In The Hands Of Managers With One Or More Violations

Although in the Institute's study only a small proportion of managers think that technologies such as holograms, robots and bio-chips will be used to drive business efficiency in the next 10 years, the overwhelming majority think that virtual business will be commonplace and this will lead to increased virtual contact.

CNN: How to prepare your workforce for the next decade