Partly Cloudy

Partly Cloudy

max temp: 19°C

min temp: 11°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

East Anglia: Short-sighted management ‘threatens competitiveness’, warns CMI report

11:38 15 July 2014

Employers need to do more to prepare the next generation of managers, according to a CMI report.

Employers need to do more to prepare the next generation of managers, according to a CMI report.

Archant

Shortsighted management is “a millstone around the neck” of the economy which threatens the UK’s global competitiveness, says a new report.

The Commission on the Future of Management and Leadership, founded by the All-Party Parliamentary Group on Management and the Chartered Management Institute (CMI), says employers need to focus on the three Ps of “Purpose, People and Potential” to improve the UK’s long-term prospects.

The commission’s report is based on testimony from more than 60 individuals and organisations, plus data from a CMI survey of more than 2,000 business leaders and managers, including 132 from the East of England.

It points to a crisis in management, with more than half (52%) of the leaders surveyed in the East of England admitting that their organisation could perform better, and nearly a third (62%) saying they could do more to train first-time managers.

The commission concludes that short-sighted, short-termist behaviour, what it terms “myopic management”, is squeezing out the long-term, visionary approach needed to achieve sustained growth. It is now calling for employers to learn from the way that many leading companies focus on three key areas:

n Purpose: defining long-term aims beyond just making money or hitting targets;

n People: ensuring that people do not take on management roles without adequate preparation and training; and–

n Potential: investing in the next generation by working with schools, colleges and universities.

Peter Ayliffe, president of the CMI and co-chair of the commission, said: “We’re faced with a ticking time bomb of myopic management in this country, with widespread under-investment in the next generation of leaders.

“We’ve got some brilliantly managed organisations in the East of England and across the UK, but there are simply not enough of them.

“Unless all of us responsible for leading businesses, public services and charities acknowledge that we are at a tipping point and commit to being part of a Better Managed Britain, the nation’s sustainable long-term growth opportunities will not be fulfilled. “

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Meeting organised by the Institute of Directors about Suffolks burgeoning film industry. Julien Mery, co-founder of Livid Films and director of Film Suffolk, discussed how the creative community in Suffolk is putting the county on the UK and worlds creative industry map. L-R Sarah Brown, Graham Kill, Julien Mery and Old Jet's Jesse Quin.

A group of executives got to see the creative side of Suffolk’s economy at one of the county’s most popular filmmaking locations.

Oliver Paul, owner of the Suffolk Food Hall, DEFRA Secretary Liz Truss, South Suffolk MP James Cartlidge and Babergh District Councillor Jennie Jenkins meet for an informal meeting on the outcome of the RDPE funding provided for the commercial artisan kitchens in the Cookhouse at the Suffolk Food Hall.

Apprenticeship Levy funding from major supermarket chains and food manufacturers could deliver a boost to skills training for smaller food businesses and farming, a senior Government minister has said during a visit to Suffolk.

The Inspirations shop in Wickham Market,owned by shareholders in the community, is now officially open. Nick Denny from the Co-op cut the ribbon.

The much anticipated transformation of a Suffolk village’s former supermarket into a new community retail venture was celebrated this week - four years after the site was last in use.

New-build utility connections specialist Brookfield Utilities has reported increased annual profits.
Photo: Rui Vieira/PA Wire

Annual profits at Suffolk-based Brookfield Utilities have increased by more than one-third as it continues to add to the number of properties it connects.

Curtis Banks Group chief executive Rupert Curtis (left) with Will Self, managing director of Suffolk Life, outside the company's offices in Princes Street, Ipswich.

Self-invested personal pensions (SIPP) specialist Curtis Banks Group has completed the £45m acquisition of Ipswich-based Suffolk Life from Legal & General (L&G).

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24