Business leaders who screw up struggle to own up and learn from their mistakes

Business leaders who screw up struggle to own up and learn from their mistakes

Leaders making mistakes can be costly not only to the organisation, but also to their own job security, which makes it difficult for them to admit when there’s been an error. However, new research from emlyon business school shows that there are some techniques CEOs can use to frame these mistakes, in order to ensure they keep their jobs, but also make changes in their organisation. When there is this clear trade-off between admitting a mistake and potentially losing power and control in the organisation, it is important that CEOs use their language effectively to create a safe space for themselves in the organisation – but how can they do so? More →

People seconded from other roles come up with the best ideas

People seconded from other roles come up with the best ideas

Seconded employees - employees temporarily assigned to a different role, organisation, or department - choose more innovative ideas and influence permanent staff to do the sameSeconded employees – employees temporarily assigned to a different role, organisation, or department – develop more innovative ideas and influence permanent staff to do the same, according to new research from ESMT Berlin and published in the Strategic Management Journal. Despite the motivation to select new ideas, individuals and organisations often still reject or overlook them. These ideas can be difficult to understand, risky, and challenging as their inherent uncertainty makes it harder to predict reception and usage. More →

Anger is an energy when it comes to getting things done

Anger is an energy when it comes to getting things done

Anger may have the public image of a negative emotion, but it can also be a powerful motivator when it comes to achieving important goalsAnger may have the public image of a negative emotion, but it can also be a powerful motivator when it comes to achieving important goals, according to research published by the American Psychological Association. To better understand the role of anger in achieving goals, researchers conducted a series of experiments involving more than 1,000 participants and analysed survey data from more than 1,400 respondents. In each experiment, researchers elicited either an emotional response (such as anger, amusement, desire or sadness) or a neutral emotional state, and then presented participants with a challenging goal. The research was published in the Journal of Personality and Social Psychology. More →

Financial uncertainty, wellbeing and supply chain disruption revealed as top risk factors 

Financial uncertainty, wellbeing and supply chain disruption revealed as top risk factors 

Companies across the UK are most concerned about the risk of financial uncertainty (34 percent), employee health and wellbeing (31 percent) and supply chain disruption (23 percent) on their businesses over the next 12 monthsAccording to new research by Marsh, an insurance broker and risk advisor, companies across the UK are most concerned about the impact of financial uncertainty (34 percent), employee health and wellbeing (31 percent) and supply chain disruption (23 percent) on their businesses over the next 12 months. The findings come from Marsh’s UK Business Risk Report 2023 [registration], which features data obtained in May and June 2023 from over 2,100 UK businesses with turnover of between £100,000 and £500 million + per year. Now in its third year, the report explores how circumstances over the last 12 months have impacted the business risk appetite and approach to risk management among UK companies, and identifies their priorities for the year ahead.  More →

Squirrel! Distraction costing the UK economy nearly £20 billion a year

Squirrel! Distraction costing the UK economy nearly £20 billion a year

Scrolling on social media, checking messages, daydreaming and other forms of distraction are costing the UK economy £19.9 billion each yearScrolling on social media, checking messages, daydreaming and other forms of distraction are costing the UK economy £19.9 billion each year, new research from The QEII Centre claims. The report The Distracted Economy: We are losing focus – how to hold attention and keep delegates engaged during business meetings and events was commissioned by the London conference and events venue. It suggests that 83 percent of people admit to being distracted during in-person meetings while the number rises to 85 percent during online meetings. More →

Successful startup founders exhibit similar personality traits, but they rely on variety in teams

Successful startup founders exhibit similar personality traits, but they rely on variety in teams

Successful start-up founders have distinct personality traits and they’re more important to their companies than previously thoughtNew research from the Oxford Internet Institute, University of Oxford, University of Technology Sydney (UTS) and the University of Melbourne suggests that start-up founders have distinct personality traits, and they’re more important to the success of their companies than previously thought. While good fortune and circumstances can play a part, new research reveals that when it comes to start-up success, a founder’s personality – or the combined personalities of the founding team – is paramount. More →

SMEs turn to AI and acquisitions to navigate an uncertain future

SMEs turn to AI and acquisitions to navigate an uncertain future

More than half of all business leaders (55 percent) believe that the overall economic conditions in the UK and Ireland have worsened compared to a year ago.  Yet, 58 percent of SMEs anticipate an increase in their firm’s sales revenues over the next 12 months; while nearly half (47 percent) expect profitability to improve within a year and 47 percent of SMEs are confident that their firm’s total number of employees will grow in the next 12 months. Business leaders are planning to invest more in AI and acquisitions to help them navigate an uncertain future. More →

An uncertain world, but CEOs remain broadly bullish about the future

An uncertain world, but CEOs remain broadly bullish about the future

Geopolitics and broader political uncertainty are now the greatest risk to business growth, according to a survey of more than 1,300 CEOs of the world’s largest businessesGeopolitics and broader political uncertainty are now the greatest risk to business growth, according to a survey of more than 1,300 CEOs of the world’s largest businesses. The KPMG 2023 CEO Outlook claims that geopolitics and political uncertainty have become the leading perceived risk this year for senior executives – concerns that didn’t even make the top five in the 2022 survey. More →

Workers are generally happy at work, but bored by what they do

Workers are generally happy at work, but bored by what they do

Happiness and boredom are the most common emotions experienced by people at work, according to a Right Management survey of more than 2,000 British workers and managersHappiness and boredom are the most common emotions experienced by people at work, according to a Right Management survey of more than 2,000 British workers and managers. According to the poll, ‘Gen Z’ are most likely to be bored at work (23 percent). But Gen Z leaders worry more than others about reduced employee productivity due to hybrid-working (37 percent). In addition, 70 percent of British employees feel they work better as a team in-person, but only 1 percent claim face-to-face time with colleagues contributes to their wellbeing. More →

What doesn’t kill leaders makes them stronger, say academics

What doesn’t kill leaders makes them stronger, say academics

People that experience frequent disruptive events are much more likely to become aware of their own identity as leaders, according to new researchPeople that experience frequent disruptive events are much more likely to become aware of their own identity as leaders, according to new research by Durham University published in the Journal of Business and Psychology. Whilst many believe that impactful, disruptive, and novel events could be detrimental to building a leader’s confidence, the study proves the term “what doesn’t kill you makes you stronger”, as experiencing strong events made people more aware of their leader capabilities. More →

Is there ever a genuinely good or bad time for change?

Is there ever a genuinely good or bad time for change?

There are two questions that seem to plague quite a lot of people:  is there a good or bad time for change and is there a good or bad change?There are two questions, regarding change, that seem to plague quite a lot of people:  “is there a good or bad time for change and is there a good or bad change?” Now it may seem the answers would be quite straight forward, but probably as no surprise the actual answer is “it all depends”. That is because change is about people and we all know there is no formula for people, so it is impossible to give a formulaic, straight forward answer. More →

Narcissistic leaders cause employees undue stress in crisis situations

Narcissistic leaders cause employees undue stress in crisis situations

Vulnerable narcissistic leaders are especially likely to make employees irritated during crisis situations, reveals new research from NEOMA Business School. Birgit Schyns, Distinguished Professor of People & Organisations at NEOMA, and co-authors analysed survey data on workers in the UK education sector during the COVID-19 pandemic. Respondents reported their levels of irritation and Coronavirus-related worry in five weekly surveys, as well as their experiences with vulnerable narcissistic leadership – an unstable form of leadership characterised by covert feelings of entitlement. More →