A new study reveals UK business is suffering from the poor leadership skills of Britain’s bosses. The survey shows that business leaders fail across the board at setting clear objectives, motivating staff and weeding out poor performers.
The study commissioned by Ros Taylor Limited (RTL), a leading firm of Chartered Psychologists, asked over 1,500 people from different sized organisations throughout the UK about leadership in the workplace.
It found 77% of respondents said their boss was not interested in them, 90% said their boss does nothing about poor performers and 79% claim their boss does not set clear objectives. And 89% said their boss lacked innovation and was unreceptive to new ideas.
Ros Taylor, managing director of RTL. “I wish I could say I was shocked – but the truth is it’s slightly better than I expected. The fact is that while businesses are quite rightly paying attention to their cost base – squeezing every last ounce of value out of the food chain – they are not so cleverly overlooking a very real business and financial asset. Leadership. Bad leadership costs shareholders and stakeholders real money.
"While companies are spending millions on automation and the new IT architectures they could be spending thousands and saving millions by sharpening up their leadership assets.”