Despite the UK’s persistent low productivity, less than a fifth of business owners are actively looking back at projects to identify areas for improvement. A large proportion of business owners (65 per cent) and senior managers (82 per cent) have increased their use of project-based methods on everyday tasks, such as introducing measures to identify and manage risk. Despite this, many are still failing to assign enough dedicated project managers to the work. New research from the Association for Project Management (APM)  claims that only 35 per cent of senior managers who participated in the survey regularly assign dedicated project managers to tasks, and only a quarter for business owners. (more…)

A new report, The Big Reset Playbook: Change Agility (registration) from work trends analyst The Josh Bersin Company, claims that traditional approaches to change management have often fallen short of expectations, and that new workplace practices based on agility are now needed to manage change in a new business climate.  According to the report ‘businesses are looking to tackle the challenge of managing change in a new reality that includes the shift to hybrid working, globalization and The Great Resignation’. The research claims that in companies that successfully manage change, leaders and high performers reinforce the company’s mission and purpose, explain how their reinvented business models work, create cross-functional teams to design and implement change, and maintain forward momentum.  (more…)

Entering the third year of a pandemic, more professionals responsible for business ethics and compliance worldwide say that their ethical culture is more potent as a result of the COVID-19 pandemic, according to the latest annual Ethics and Compliance Program Effectiveness Report from LRN. But, while values and ethics helped sustain companies during the pandemic, new areas of concern have emerged. And, there is a significant gap between companies with high-impact ethics and compliance (E&C) programs and those with low-impact ones. The top-ranked programs were proactive, utilised available resources, and made their programs more accessible to employees. High performing organisations also scored 27 percentage points higher than low-performing ones when it came to weathering COVID. (more…)

Half (48 percent) of UK C-suite leaders now feel less confident making business-critical decisions compared to before the pandemic, according to a report (registration / promotion) commissioned by Treasure Data. The survey of 500 business leaders in the UK the impact the pandemic has had on leadership decision-making, and reviews whether these decision making processes are fit for purpose in a new era of unpredictability. (more…)

Investing in sustainability increases the resilience of small and medium-sized enterprises (SMEs) because they become more creditworthy, according to new research conducted by Vlerick Business School and commissioned by ABN AMRO.  Although large companies are under scrutiny from regulators, consumers and the media to become more sustainable, the sustainability transition is unachievable without the involvement of SMEs. Especially since SMEs constitute more than 60 percent of the value-adding economic fabric in Europe. (more…)

The UK is a nation of “intro-preneurs”, according to new research by Virgin Money. A third (36 percent) of entrepreneurs surveyed described themselves as being an introvert, compared to just 15 percent who said they are an all-out extrovert. The findings are part of Virgin Money’s campaign to celebrate ‘Upstarts’ – the people who have taken the leap and launched a business on their own. (more…)