Today’s Australian Financial Review (p7) reports on the release of a study funded by the federal government. The report, titled ‘Management Matters in Australia: Just how productive are we?’ demonstrates what we know intuitively..that if a company can lift management performance, it will be a key factor in improving company financial performance. The report found Australia is pretty much in the middle of the field compared internationally across a range of management performance indicators. The article includes the statement:
Investing in improved management practices is the single most cost effective way of improving a company’s performance.
I am in the middle of running a management development program for one of our clients and the article was bought to my attention at lunchtime by one of the participants. He commented that this article was a good argument for why the company was investing in the program and that he could now clearly see what he can do to achieve the promised performance improvement. It’s great to be able to make a difference.
About Mark Schenk
Mark works globally with senior leadership teams to improve their ability to communicate clearly and memorably. He has been a Director of Anecdote since 2004 and helped the company grow into one of the world’s leading business storytelling consultancies. Connect with Mark on: