by Lauren Fenthum <--- To save/view this infographic click
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Multiple problems may arise during the course of running your business, poor management shouldn’t be one. Poor management affects not only the internal factors of your business but external aesthetics as well, this runs the risk of creating negative reviews and a potentially negative working environment. It is imperative to adopt the right management personalities and skills to suit your business’s specific needs.
There are many problems that poor management could lead to in your business, one being that employees might fear management. This creates an unnecessary power trip within the company and runs the risk of employees not wanting to do business with your company. Fear creates tension and stress in the working environment that could affect your employee’s performance. If an employee feels too intimidated to ask management a question or feels that they are unapproachable, more issues arise than needs be. These issues go unnoticed until it is too late, creating guilt and a poor working environment.
Ultimately, if employees feel that management is not capable or suited to the job, they become unwilling to carry on business with the company. A manager that is ill-equipped for that position sends out a tarnished message to the rest of the employees about the future of the company. If you find that you have a high turnover rate within your company, you should look within management and conduct employee related surveys and polls. This allows you to understand the problem at hand and gives you the opportunity to deal with it. By understanding the problem, you are saving your business’s outside reputation.
We all know that building your brand takes time and money. Both of which is valuable to the running and maintaining a business. Bad management potentially leads to a damaged company name. Everything that management staff says or does is a reflection of your company. This could be reflected through the smallest errors, such as grammar to that of time management. It is imperative to understand who you are hiring and what they are like under pressure as well as how they work with people. This could save your brand image and unwanted internal conflict.
In any corporation, there is a ripple effect. This means that if management is under stress, the rest of the company will feel it too. Stress leads to depression and other lifestyle factors that could affect the running of your company. Studies have shown that people with in-demand skills and those in managerial positions are 35% more likely to suffer from chronic illnesses relating to stress. This can be avoided by creating a positive, open environment, where stress is eliminated and everyone wants to work together for the benefits of themselves and the company.
Poor management could be due to lack of training. Coaching and training are imperative for managers as they have to show their staff what to do and how to do it, but if they don’t know how to do it themselves, then we can see problems being created. Due to lack of feedback, we see employees feeling underwhelmed and de-motivated which could lead to a lack of confidence within employees to do their jobs. Lack of trust in management creates major problems, from inter-departmental conflict to employee turnover rates.
It is a good idea to promote good management within and lead by example. Listen to your existing employees with regards to ideas on how to improve performance and productivity. Stronger workforces create healthier companies.
