Leadership: management style can damage your business

Posted by admin in Management & Execution, Career Ladder on Fri, 04/06/2010 - 15:14
  • UK plc needs strong and capable managers to help them return to health
  • A culture of poor decision-making by senior people in financial institutions has severely clouded the way people view the industry
  • A management culture that is secretive, bureaucratic and authoritarian isn’t healthy

The financial sector has been through some turbulent times in recent months. No one would argue that its reputation hasn’t suffered in the wake of stories about excessive bonuses and emergency bail-outs. A culture of poor decision-making by individuals in the most senior positions at high-profile financial institutions has also severely clouded the way people view the industry. Unsurprisingly, all this has taken its toll on the morale of employees working in the sector.

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What are your top business challenges today?

2009-08-12 14:53 - 8364 reads
Getting through to 2H 2010
7% (5 votes)
Planning strategies for growth after the recession
14% (10 votes)
Keeping down costs
31% (22 votes)
Raising capital and credit
6% (4 votes)
Maintaining a healthy cashflow
42% (30 votes)
Total votes: 71

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The Bottom Line:If Mr Cable has his way...

"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more

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