Poor Leadership
Costs UK Businesses
£6bn plus per Year *

Big Business is suffering from the poor leadership skills of Britain’s bosses according to a performance survey. It shows that business leaders fail at setting clear objectives, fail at motivating staff and fail at weeding out poor performers. The study commissioned by Ros Taylor Ltd, a leading firm of Chartered Psychologists, asked over 1500 people from different-sized organisations throughout the UK about leadership in the work place. They found:

• 77 percent of respondents said their boss was not interested in them
• 90 percent said their boss did nothing about poor performers and
• 79 percent claim their boss does not set clear objectives,
• 89 percent said their boss lacked innovation and was unreceptive to new ideas

"That’s only 15% of people we asked who thought their boss was any good and 8% who thought they were inspirational" said Ros Taylor, "I wish I could say I was shocked – but in truth 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.

Let’s forget the old clichés about "soft skills" – 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."
 "Think about it. Many line managers, heads of department and directors are on a minimum £100K+ pa. These people each represent something like a £200K+ investment for their companies.

As a psychologist I am intrigued that organisations who bend over backwards to "think smart" ignore this area. It’s the "one thing" they could do that would deliver tangible results - and yet the vast majority just don’t do it. They probably think that, in the old cliché "leaders are born, not made" and yet in our business we disprove that on an almost daily basis. They can’t leave the innovation and blue sky thinking that comes from truly inspirational leadership to chance – or for that matter to a quirk of genetics – it’s odd to think that multi national companies who factor the canteen subsidy into the cost of a sausage roll don’t have a "leadership development plan". Ros Taylor is author of The Science of Leadership, a programme to transform your company.

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* By CCB Research http://www.CCB-Research.com.