Ninety per cent of the 67 owner-managers who have completed the Leading Enterprise and Development (LEAD) programme between October 2004 and March 2006 also expect an increase in employment, productivity or profits in the next two to three years, the study found.
LEAD is a leadership and management development programme targeting the micro business sector – firms with less than 20 employees – in the North West of England. It has been developed by Lancaster’s Institute for Entrepreneurship and Enterprise Development in partnership with Business Link Lancashire and is fully funded by the North West Development Agency. Participants commit an average of two days per month on the ten-month programme and they experience master classes, personal coaching, mentoring, action learning and even business exchanges.
“Previous government initiatives have excluded micro businesses, despite these constituting approximately 90% of businesses in the North West and a similarly high figure nationally,” LEAD director Sue Peters said. “We set up LEAD to contribute to raising regional productivity and promote business growth by specifically focusing on the leadership development of participating owner-managers. These findings suggest that we have certainly made our mark.”
The overriding feeling among owner-managers going into the programme is a sense of isolation, Sue said. “As well as being consumed by the need to be involved in the minutiae of delivering services to their customers and running all aspects of the business, they find difficult to stand back from the day-to-day activities to focus on strategic planning,” she explained. “Our findings show that participants have learned enhanced staff development, delegation and management skills that have freed up time for purposeful enterprise development.”
In addition, the report challenges several myths concerning SME owner-managers attitudes to learning. “Firstly, it dispels the myth that SME owners are too busy to spend time away from their businesses,” Sue said. “It also disproves the long-held wisdom that SMEs won’t pay for business support. Participants on the last cohort paid 30% of the subsidised £10,000 fee, for example. It sends out a clear message about how SMEs can work with higher education to produce more successful businesses.”
Phil Smith | alfa
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
Europe's microtechnology industry is attuned to growth
10.03.2017 | IVAM Fachverband für Mikrotechnik
More and more automobile companies are focusing on body parts made of carbon fiber reinforced plastics (CFRP). However, manufacturing and repair costs must be further reduced in order to make CFRP more economical in use. Together with the Volkswagen AG and five other partners in the project HolQueSt 3D, the Laser Zentrum Hannover e.V. (LZH) has developed laser processes for the automatic trimming, drilling and repair of three-dimensional components.
Automated manufacturing processes are the basis for ultimately establishing the series production of CFRP components. In the project HolQueSt 3D, the LZH has...
Reflecting the structure of composites found in nature and the ancient world, researchers at the University of Illinois at Urbana-Champaign have synthesized thin carbon nanotube (CNT) textiles that exhibit both high electrical conductivity and a level of toughness that is about fifty times higher than copper films, currently used in electronics.
"The structural robustness of thin metal films has significant importance for the reliable operation of smart skin and flexible electronics including...
The nearby, giant radio galaxy M87 hosts a supermassive black hole (BH) and is well-known for its bright jet dominating the spectrum over ten orders of magnitude in frequency. Due to its proximity, jet prominence, and the large black hole mass, M87 is the best laboratory for investigating the formation, acceleration, and collimation of relativistic jets. A research team led by Silke Britzen from the Max Planck Institute for Radio Astronomy in Bonn, Germany, has found strong indication for turbulent processes connecting the accretion disk and the jet of that galaxy providing insights into the longstanding problem of the origin of astrophysical jets.
Supermassive black holes form some of the most enigmatic phenomena in astrophysics. Their enormous energy output is supposed to be generated by the...
The probability to find a certain number of photons inside a laser pulse usually corresponds to a classical distribution of independent events, the so-called...
Microprocessors based on atomically thin materials hold the promise of the evolution of traditional processors as well as new applications in the field of flexible electronics. Now, a TU Wien research team led by Thomas Müller has made a breakthrough in this field as part of an ongoing research project.
Two-dimensional materials, or 2D materials for short, are extremely versatile, although – or often more precisely because – they are made up of just one or a...
28.04.2017 | Event News
20.04.2017 | Event News
18.04.2017 | Event News
28.04.2017 | Medical Engineering
28.04.2017 | Earth Sciences
28.04.2017 | Life Sciences