Ummm, what are we doing this year?: big disconnect between managers and staff; If the boss has a plan, one-third of empoyees don’t know what it is.

Fiona Smith Columnist

Ummm, what are we doing this year?: big disconnect between managers and staff discovered

Published 12 February 2014 12:23, Updated 13 February 2014 08:57

If the boss has a plan, one-third of empoyees don’t know what it is.

A survey taken last week finds that 83 per cent of leaders and managers claim to have a business plan for 2014, but only 66 per cent of employees agree.

The survey was conducted by Leadership Management Australasia and its CEO, Andrew Henderson, says it is concerning that one-third of employees says their organisations have started the new work year without a plan.

“In these uncertain economic times, failing to plan is in effect planning to fail,” he says.

Clearly communicating the goals, direction and vision is a key part of getting people to execute the plan.

“Leaders have to ‘walk the talk’ with their plans,” Henderson says.

Organisations that were shrinking or just surviving are more likely to be lacking a business plan for the year.

The survey of 400 people shows 83 per cent of leaders and managers claim to have a business plan for 2014, compared with just 66 per cent of non-managerial/supervisory employees.

When there is and acknowledged plan, the leaders may have done better with it than they think. Around 70 per cent of leaders think they have communicated the plan well, compared with 79 per cent of the people they manage.

Again, 70 per cent of leaders think people understand their role in helping the organisation fulfil the plan well, compared with 87 per cent of the employees.

However, leaders have more faith in the plan than the people they lead, with 89 per cent of leaders confident that it supports the achievement of the organisation’s overall objectives and priorities, compared with 79 per cent of their employees.

The Leadership Employment and Direction (L.E.A.D.) Survey is part of an ongoing 14-year monitor of workplace trends.

 

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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