Just over two out of five bosses consider their line
managers to be ineffective, according to a study into the business benefits of
management and leadership development, released today by the Chartered
Management Institute (CMI) and Penna.
The research shows organisational performance and management
abilities to be clearly linked - with only 39% of managers in low performing
businesses deeming their line managers to be effective, compared to 80% in high
performing organisations.
The CMI-Penna report, produced with Henley Business School,
draws on findings from almost 4,500 managers, including more than 300 CEOs and
550 HR decision makers.
The research provides evidence showing how management and
leadership development activities can lead to increases of up to 32% in people
performance and 23% in overall organisational performance, across organisations
of all sectors and sizes.
The findings show high performing organisations spend on
average 36% more on management and leadership development per manager per year
than low performing ones.
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