“Management 2020: Leadership to unlock long-term growth.” That’s the title of a report issued earlier this month by The Commission on the Future of Management and Leadership, a commission formed by the All-party Parliamentary Group with the CMI to investigate how management and leadership in the UK will need to change by 2020 to deliver sustainable economic growth. It seems that productivity is a concern at higher level than we realise.
Maybe this shouldn’t be so surprising. The report identifies a number of challenges but the standout one for me was that, “Time wasted by poor management could be costing the economy as much as £19bn a year.” Rectifying that would certainly do wonders for the national economy and help bring down the national debt! No wonder parliament is looking at this.
Now I don’t know whether it’s serendipity or something more significant but this coincided with my reading Kieran Hearty’s “How to Eat THE ELEPHANT in the Room: Digesting the Unspoken Truth.” In any event, it seems to me that the answer to poor management is beautifully illuminated in a chart that Hearty presents, which I reproduce below with both admiration and gratitude.