UK businesses are hopeful for 2024 according to new research from Pleo. The CFO’s Playbook for 2024, which polled over +500 UK financial decision makers, found that almost 50 percent of UK businesses believe 2024 will be “easier” than 2023 (vs. 35 percent believing it will be harder and 15 percent anticipating that it will be the same as last year). As such, with a waning concern around inflation – a 20 percent decrease since 2023 –  businesses are targeting more ambitious goals. Nearly three quarters are prioritising cash growth, and while this was also the primary objective of businesses last year, findings show a 163 percent increase in British businesses focussed on this ambition. More →

Narcissistic leaders are bad for share value, unless they are seen to stimulate innovation and growth at companies suffering from corporate inertia, according to research which analysed how CEO narcissism affects stock recommendations from securities analysts. The study by Nottingham Business School (UK), Middle Tennessee State University (US), and the University of Leeds (UK) is the first to explore the relationship between CEOs who are linked to excessive risk taking and their value to a company. The paper “Chief executive officer narcissism, corporate inertia, and securities analysts’ stock recommendations” has been published in the journal Strategic Organisation. More →

A new poll from O.C. Tanner claims that less than half of UK leaders (47 per cent) take their employees into account when deciding to enact business-wide changes. And just 44 per cent of UK senior leaders seek employee opinions as changes are rolled-out. These are the findings from O.C. Tanner’s 2024 Global Culture Report which gathered data and insights from more than 42,000 employees, leaders, HR practitioners, and executives from 27 countries worldwide including 4,818 from the UK. More →

Ambition is a word now out of favour in the British workplace, according to Randstad’s latest global Workmonitor survey [registration] with workers in the UK less willing to describe themselves as ambitious than workers in other countries. The research, which surveyed 27,000 workers in 34 countries across Europe, Asia Pacific and the Americas, shows that while more than half (56 percent) of workers globally consider themselves to be ambitious, only 42 percent of workers in the UK do. Workers in other countries — including China (80 percent), Malaysia (73 percent), and India (90 percent) — are more likely to describe themselves as “having career ambition”. More →

Some of Britain’s most famous and successful companies make it hard for customers to get in touch, according to a new study of FTSE 250 companies, by Moneypenny, with 89 percent of the companies having no phone contact number on their website home page. While some of the FTSE 250 companies did feature a phone number elsewhere on their website, 33 percent of them make it extremely difficult to find a contact number on their website and have no phone number on their respective home pages. It took the Moneypenny researchers six or seven clicks to find one elsewhere on their websites. More →

Social status of top management in a company is positively associated with innovation, including workplace innovation, due to greater access to resources for research and development (R&D), finds new research from UCD Lochlann Quinn School of Business (UCD Quinn School). The findings were first published in the journal R&D Management. More →

Patience plays a crucial role for team performance, reveals new research by the University of Cologne. The study, conducted by Professors Felix Kölle and Thomas Lauer, investigated cooperative behaviour, as well as its underlying mechanisms, in a setting in which the benefits from successful teamwork accrue only in the future. More →