How much damage can a bad manager cause to a company?
A bad manager can cause major damage to his team and the company as a whole. Poor management skills, inferior leadership capabilities and lack of commitment are factors which can affect all in a very negative form.
More specifically, the following occurs to each element within a company:
- Employees – They may feel unsupported, undirected, bullied, confused, unmotivated, unappreciated, frustrated, and constantly questioning, “is it me?” So they are not engaged and they are not productive.
- Executives – They will begin to lack confidence in the team which they depend on and have to make up for the poor work done by managers, as well as their own work.
- Business – The pace at which the business functions is altered. It may become sluggish and inefficient, resulting in financial setbacks for example.
Research shows that the having a good manager can influence business positively more than many others factors:
- Naming a superior manager can make all the difference to businesses.
- Poor managers can cost billions of dollars per year to companies. Having too many of them can result in a company shutting down.
- Businesses with the best managers will thrive and have a significant competitive advantage.
- The best managers may seem rare to find at times. Here are some characteristics a good manager must have:
- Motivate everyone around them to engage in the company’s vision.
- They have the ability to overcome adversity.
- They create a culture of clear accountability.
- They build relationships that create trust, open dialogue, and full transparency.
- They make decisions that are based on productivity, not politics.
Improve your managers
Since it may be difficult to find the perfect manager for your company, a solution is to improve the managers you already have inside. Usually, average managers may be lacking orientation and the correct set of tools to become even better at what they do.
The most important thing a manager can do is to build a highly capable team beneath them — a team that is able to do what the business needs now and in the future.
This is where coaching comes in!
Through a well-structured coaching program, managers can build themselves to become highly efficient in their positions. Therefore, he will also become a better leader, making his team respond more efficiently to the tasks they are delegated.
Based on: TLNT