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What Could Poor Manager Performance be Costing Your Business?

profit-squareWhen a business is performing poorly it’s easy to look outside and blame the economy, the government, or any number of factors outside your control.  And there’s no denying that all these things may well be important. But sometimes the problem lies closer to home.

Poor Manager Performance Leads to Poor Business Results

Research shows that poorly performing companies often suffer from poor line manager performance. That’s not so surprising – but what is striking is the strength of the link between the two. A February 2012 report by the UK’s Chartered Institute of Management, for example, found that in low performing businesses, just 39% of 4,500 survey respondents stated that line management within the firm was effective. In high performing businesses, the figure was 80%.

How Do You Find out if You Have a Management Performance Issue?

The challenge for every business owner is to recognise they need to take action. Poor management is often unrecognised, because businesses have no reliable process for reviewing performance. Where good processes are in place, it’s possible to see how each individual manager’s work affects business performance.  For many businesses, formal feedback – and particularly 360 Degree Feedback – gives that insight and provides the starting point for making changes.

Learn About 360 Feedback

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Betty ensures that new content contributions from our associates and other content partners are made into posts and published to meet our standards. Contact Betty if you have new content about best practice and if you have feedback or corrections on existing content

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