The median answer to that question is 7 in the World Management Survey. The results on that particular item demonstrate how false perceptions come into play when we are evaluating our own company and our abilities.
As discussed in the article, Why do we undervalue competent management, false perceptions undermines our ability to evaluate how well (or bad) or company is run. The fact that 80% of drivers rate themselves above average – I am part of those – is an illustration of the kind of biases we are dealing with.
A glimpse into the most influential management practices on the results of an organization can already give you an idea of what could be discussed or improve in your own company.
Below are the 18 core management practices reproduced from the article:
Operations Management
- Use of lean techniques
- Reasons for adopting lean processes
Performance Monitoring
- Process documentation
- Use of key performance indicators
- KPI reviews
- Discussion of results
- Consequences for missing targets
Target Setting
- Choice of targetsConnection to strategy, extent to which targets cascade down to individual workers
- Time horizon
- Level of challenge
- Clarity of goals and measurement
Talent Management
- Talent mindset at the highest levels
- Stretch goals
- Management of low performance
- Talent development
- Employee value proposition
- Talent retention
Is it enough to give you the will to read the article mentioned above or to benchmark your company?