According to the Ken Blanchard Companies blog, "The average organization is losing an amount equal to 7% of their annual sales because of poor leadership practices. That’s the surprisingly large amount of money identified by companies who completed the Blanchard Cost-of-Doing-Nothing online calculator." Depending on the size of your company, this can represent an significant lost opportunity!
The cost of poor leadership includes impacting employee retention, customer satisfaction, and overall employee productivity. On Wednesday, December 7, Blanchard Program Director David Witt takes a closer look at the effect that leadership and identifies what you can do to improve performance.
Here's why this is so important:
- At least 9% and possibly as much as 32% of an organization’s voluntary turnover can be avoided through better leadership skills.
- Better leadership can generate a 3 to 4% improvement in customer satisfaction scores and a corresponding 1.5% increase in revenue growth.
- Most organizations are operating with a 5% to 10% productivity drag that better leadership practices could eliminate.
Register now for Wednesday's live event!
The Blanchard blog nets it out:
Organizations that do not address leadership practices suffer a persistent drag on performance that keeps results down. When times are good, this drag on performance can be manageable, but when times are tough, it’s critically important that everyone perform at their best—especially in terms of creativity, innovation, and breakthrough thinking.
Here's what you will learn!
Drawing on proprietary original research, you’ll find out which management techniques generate the best results and also look at some of the common cultural roadblocks that keep companies from implementing them. You’ll also learn how to overcome these obstacles and make the shift from knowing to doing.
Organizations need to make sure that they are getting the best out of their people by providing strong, consistent, and inspiring leadership. Don’t miss this opportunity to learn how to evaluate and improve leadership practices throughout your organization.