Many of the company’s managers are ineffective.
A firm’s ability to grow is directly related to its ability to add managerial capacity to support its growth. But, effective managers are usually in short supply when the organization has grown rapidly. Effective managers are the single most important factor in engaging employees, motivating employees, and building a productive workplace – all areas in which organizations cannot afford to fall short.
Most organizations do not set managers up for success. Managers are promoted into leadership roles because they’re great individual contributors, then magically expected to know how to manage. Without the proper training and development, managers very often fail because they lack the experience and core management skills needed to manage and lead.
Successful growth companies avoid these pitfalls by developing a pool of talent before it is needed. It takes aptitude, training, and practice to master what is a very different skill set. Recognize this difference and invest in the development of your managers like the strategic assets they are.
