Every business wants to be a high performer – and every business owner is looking for the magic bullet that will make it happen.
But if it was easy, we would all have extremely successful businesses. While it might not be the quick fix solution, Cultivating Management Culture might be magic bullet that unlocks your businesses success.
· Are you a business owner who wants their business to stay or become a high performing business?
· Are you part of a management team looking for ways to make your business more effective?
· Are you a professional that wants to genuinely understand the Australasian management culture drivers?
Then this white paper is ideal for you. A summary of the key findings are below with the full white paper also available.
Last year, HR Coach’s research identified what separates high performing businesses from the pack. It looked at the data of more than 700 small to medium Australasian businesses who had completed a valid and reliable business assessment. The numbers were then analysed across a range of cross-referenced measures to ensure that the real anchors and gems could be found.
This year, the data forced the analysis to go deeper, specifically on business culture (including the behaviour of the business owner) as this ultimately drives employee culture, and subsequently, business performance.
The Australasian research shows that there are significant gaps between high and low performing businesses. There was a 17% gap between low and high performing businesses in terms of strategic alignment and company performance and a similar 17% gap in management culture results between low and high performing businesses. This indicates that if businesses want to improve their strategic alignment and performance, they need to lift management culture/performance. Employers in high performing businesses are 29% more satisfied with the strategic alignment and performance of their business, showing that there is a positive exponential return for businesses if they can get the management culture right. 5 key anchoring measures separate the management culture of high performing businesses from other businesses in the market.
They are:
Self Motivated Managers – Most managers are self-motivated, consistent with their own natural management style. Many managers would benefit from understanding what their own management style is, and what the style is of other managers and or business owners that they work with – as these need to be complimentary rather than competitive to maximise positive outcomes for the business.
Good Quality Communicators – Managers need to improve their questioning, listening, reflecting and communication skills, and reduce their directing/demanding communication skills. If managers can improve their communication outcomes, it will lead to improved decision making and leadership performance, which are other core culture measures of management.
Team Leadership – Managers are expected to provide ongoing leadership to their teams, which is becoming more and more challenging for many reasons. Managers need to understand their own natural leadership style and then learn to modify it to be more effective across all of the environments that they face. Businesses don’t make decisions; people do, and leadership styles have to change to improve the speed and quality of decision making across and throughout every business by improving the leadership of people.
Business Acumen – Managers make decisions every day that have a financial impact on a business. Managers need to communicate and explain the constraints that impact their decision making, so that their work teams are better informed and motivated to propose and support solutions that will deliver a better outcome for the business. Communication is again core to Manager’s being able to demonstrate their business acumen and arrive at solutions that ensure sustainability and profitability of the business.
Quality of Planning and Being Organised – This measure is the one that Manager’s score worst on, primarily because it requires good performance on all other measures to be able to demonstrate to the team that the Manager has a good plan and is organised – as all managers are operating in a changing environment. Being organised and getting team members to buy into the plan requires good time management skills, in addition to the other Manager culture measures.
Where does your business sit? Is it high performing, average or a business that has significant opportunities to improve? What can you do?
Download the full WhitePaper now below for more information and contact us today for a free chat about how we can assist you improve your business performance.
