Leadership and Growth in SMEs

Tuesday, February 25th, 2020

I thought I’d post an update on my (still entirely unscientific) analysis of the relationship between growth rates and leadership traits in SMEs.

The silver columns are high growth businesses, the orange are medium growth businesss and the blue, low growth businesses.

The three traits most correlated with high growth are entrepreneur, driven and leader. Those most correlated with low growth businesses are technical, concern for task and driven.

Marketing and coaching employees are consistently low scoring across all growth types.

One conclusion from this is that business owners who want to improve the performance of their business should focus on improving their leadership, organisational and communication skills. As it happens, we are running a seminar that addresses this shortly – details here.

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