Good leaders deliver profits, extraordinary leaders double them
In an article published in Forbes magazine, research conducted by Jack Zender with 50,000 managers showed that poor leaders (bottom 10%) drove losses, good leaders (middle 80%) delivered profits and extraordinary leaders (top 10%) doubled profits. For a business with £100m revenues, this means good leaders can deliver £12m operating profits while extraordinary leaders can add another £10m (based on a FTSE 250 5-year operating margin of 12%). Now, more than ever, it’s important to understand the strengths, gaps and weaknesses amongst the people responsible for helping the business survive, stabilise and grow.