An article in the Australian Financial Review BOSS Section headed “QUALITY LEADERSHIP CRUCIAL FOR SUCCESS” described an ongoing National Government Study into Leadership, Culture and Management Practices of High-Performing Workplaces in Australia conducted by Christina Boedker of the Australian School of Business.
The study reveals the following:
- The most important element in improving productivity is leadership.
- Well led organisations are 12% more productive and up to three times more profitable.
- Higher performance is created through quality and inclusiveness of leadership as well as innovation.
- Leaders have the greatest impact on productivity and profitability at all levels.
- Frontline managers have the greatest impact.
- Participation and involvement in key decision-making processes makes employees feel of value.
- Of seventy-eight Australian companies the difference between high and low performers averaged $8.8 million per organisation, or $40,051 per full-time employee.
Add to cart