As a leader, it can feel like everything you think and talk about is negative. From retention worries to issues with poor leadership, there are so many problems swirling around that it’s easy to feel overwhelmed and powerless to do anything about them. But, before a leader can fix anything, they must first identify the primary threat they are facing. That’s why, in our February poll question, we asked business leaders to pinpoint the top threat facing their business today.
The survey results showed that not all businesses have the same primary problem. The threat of poor leadership was the most common with 35% of leaders choosing it as their top issue. Another quarter of respondents said employee engagement was their main threat, followed by retention of top talent at 18%. Increased government regulations came in fourth with 14%, and ineffective hiring was the least common with 8%.
Today’s new economy is based on the fast eating the slow, so it’s imperative that business leaders take action once they identify their top threat. Out of the five top threats, only the fourth – increased government regulations – is primarily out of a leader’s control, which means there’s ample opportunity for employers to step up and protect their business. Only those who take the steps to address their business’s threats will be able to remain productive and profitable in the new business environment.
So, how do you plan to address the top threat within your company? In the comments section below, tell us what your action plan is to ensure your business goes beyond surviving and start thriving.
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