The 2013 Australian Management Capability Index (ACMI) conducted in Australia turned up some interesting results when the highlighted findings were published this month by the Australian Institute of Management this month.
The second national online survey was completed by nearly 500 chief executives, business owners or senior business leaders who rated their management capabilities across 10 categories that impact operations and profits.
Surprisingly managers in companies with 25 or fewer employees outscored those working in larger organisations with 500 or more staff. Small business rated well in integrity, corporate governance and financial management.
They also rated above national averages in managing external relationships, applying technology and knowledge and being innovative with products and services.
However the only category where bigger organisations performed better was monitoring and measuring their results.
Collins Hume's Peter Fowler
said, "I think SMEs fall short in this area perhaps due to a lack of understanding of the figures."
"On the positive side, the Index can help small business owners to benchmark and track their performance and identify areas they need to work on."
By utilising a Business Optimisation Session with Collins Hume, business owners can learn how to turn numbers into knowledge and make informed decisions by allowing them to see the financial impact of every decision they make in their business. Click here
to read more about Collins Hume's Business Optimisation services or call us on 02 6686 3000.
to read full ACMI 2013 highlights.
Shine a light on strategy in your business by joining the discussion at SS Strategy