Problem

Deficient business leadership


Experimental visualization of narrower problems
Other Names:
Inadequate commercial management
Incompetent business directors
Underused management skills
Lack of management skills
Uncompetitive business practices
Insufficient business know-how
Limited commercial experience
Deficient administrative skills
Incompetent managers
Nature:

The capacity for industrialization and economic growth depends, to a large extent, on a nation's ability to develop the productivity of its manpower, in particular that of individuals in top managerial positions.

Incidence:

A 1993 study by a team of accounting academics concluded that UK company directors almost invariably use arbitrary, simplistic measures to work out what products cost, how much profit they make, who has been overspending, and how various divisions have performed. As a result, managers are often held accountable for costs they cannot control and many investment decisions are based on faulty analysis.

 

Problem Type:
D: Detailed problems
Related UN Sustainable Development Goals:
GOAL 1: No PovertyGOAL 8: Decent Work and Economic GrowthGOAL 10: Reduced InequalityGOAL 12: Responsible Consumption and Production
Date of last update
15.05.2019 – 21:36 CEST