How much do you think failed management costs a company in terms of ROI?
The return will always be negative.
Kinda scary to think about, right? Ineffective leadership not only crushes your forward momentum(so forget about hitting those revenue targets you’d originally set), but also forces you back into roles you swore you would never do again.
Your managers play an important role in the financial performance of your business. Every day you put off properly training your new leader means a day that money is being left behind, that you likely won’t be able to pick up at a later date.
A manager is the closest leader to the people doing the actual work and their daily actions affect efficiency, employee morale and the overall reputation of your company.
In a nutshell:
Solid, well-trained management comes with a huge ROI. Poor or untrained management will set your company back.