Overcast

Overcast

max temp: 10°C

min temp: 7°C

ESTD 1874 Search

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.

shares

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. “

shares

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

Emergency services at the scene at the multi-storey car park in Bury on November 28.

A 64-year-old woman who died after falling from a multi-storey car park in Bury St Edmunds committed suicide, an inquest has heard.

The Red Arrows perform manoeuvres at the Clacton Air Show on Friday, 22 August.

Spectators at this year’s Clacton Airshow will once again be able to watch the world famous Red Arrows.

Sudbury railway station

A man followed a female dog-walker and then exposed himself to her in Great Cornard.

Proposals have been put forward for 560 homes on the Gulpher Road area of Felixstowe.

Developers are set to test the resolve of community leaders after submitting proposals for 560 new homes on farmland on the edge of Felixstowe.

The Bascule Bridge, Lowestoft

Hydraulic motors on the lifting mechanism on Lowestoft’s A12 Bascule Bridge have developed faults and need replacing.

Abbey Gardens - are you proud of Suffolk's green spaces?

Welcome to Suffolk Says – your opportunity to give your views on a range of important issues in our county.

Parliament has been dissolved today

Parliament has today been officially dissolved ahead of the General Election on May 7, when the nation will decide who will rule the country in coming years.

Christopher Hardman

Moving tributes have been paid to singer-songwriter and TV personality Christopher Hardman - Lil’ Chris.

An A-10C Thunderbolt II from the 355th Fighter Wing flies with two F-15C Eagles from the 493rd Fighter Squadron, March 13, 2015. The A-10s were deployed out of Davis-Monthan Air Force Base, Ariz., as part of a Theater Security Package in support of Operation Atlantic Resolve. While visiting Royal Air Force Lakenheath, England, for five days, they conducted training alongside NATO allies to strengthen interoperability and demonstrate U.S. commitment to the security and stability of Europe. (

An unusual visitor to skies above west Suffolk was stationed at RAF Lakenheath over last week to help strengthen ties between the US Air Force and their NATO partners.

Bury Road, Thetford

Police have closed Bury Road in Thetford after a lorry and car collided.

Most read

Most commented

Topic pages