Research shows that in the UK:
- Ineffective management is estimated to be costing UK businesses over £19billion per year in lost working hours
- 43% of UK managers rate their own line manager as ineffective – and only one in five are qualified
- Nearly three quarters of organisations in England reported a deficit of management and leadership skills in 2012. This deficit is contributing to our productivity gap with countries like the US, Germany and Japan
- Incompetence or bad management of company directors causes 56 % of corporate failures
This is not a universal problem. The UK does develop some excellent managers. Evidence also shows that the quality of leadership and management has been improving in the UK over the past ten years. But our main competitors are also raising their game so we cannot afford to be complacent.