According 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…)

Scrolling 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…)

New 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…)

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 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…)

People 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…)

Passionate firms perform higher in terms of team progress, regardless of whether that passion is focused on one or multiple team activities, finds new research from Aalto University School of Business. According to Associate Professor Ewald Kibler, Head of the Entrepreneurship Unit at Aalto, and postdoctoral researcher Bernadetta A. Ginting-Szczesny, team entrepreneurial passion (TEP) plays an important role in business ventures as it can positively impact team outcomes and venture performance. Analysing survey data on 326 individuals from 107 teams at Finnish SMEs, they suggest having a shared passion helps teams work together toward a common goal while maintaining focus and motivation. (more…)