Lack of management skills is harming small firms according to BIP.

They say that the performance of small and medium-sized firms is being impeded by a lack of leadership and management skills.

According to research by Warwick Business School. Based on a survey of 2,500 firms in England with between five and 250 staff, the research examined links between management skills and practices, and their relationship with key measures of business performance. Among their findings, researchers discovered that firms with more highly skilled managers and good people management practices benefitted from higher turnover and better rates of employment growth and productivity. The report concludes that underdeveloped leadership and management skills and a failure to adopt management best practices are constraining the performance and growth of a significant number of small firms in England. For more details and a copy of the report, go to: http://www.managers.org.uk/insights/news/2015/may/poor-management-harminguk-smallbusinesses- says-report

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