Busy consultants don’t always have the time to read every article of interest or relevance to their work or that of their clients. So, here are just five of the practice-enhancing insights from the latest issue of Management Consulting Journal (MCJ). Enjoy!
- Why CEO age and tenure matters to profitability
- Your role in developing executives’ transformational leadership skills
- Don’t boil the ocean: 11 idioms consultants should think differently about
- Shall WeChat or TikTok? Breaking into the Chinese market
- Stand(ards) and deliver: The quality assurance challenge in Management Consultancy
Read the full edition of the latest Management Consulting Journal, as well as all the back-issues, here.
The age of a CEO and how long they’ve been with their company can have a significant impact on an SME’s profitability, says Percy Kandukira in his review of the literature on working capital management policies for managers seeking to improve profitability. As the age of managers rises, so their risk-taking ability tends to decrease and less risky projects assume greater appeal.
The literature also suggests that the longer a CEO remains in post, the more they are likely to bargain for higher remuneration, impacting negatively on the profitability of the firm. Long-standing CEOs often wield dominating power over the company board and influence the selection of other board members in favour of those who share their outlook and interests. And long-tenured CEOs also tend to gain the trust of their managers, which means they are less likely to be monitored closely – again, this can depress the profitability of the firm.
Kandukira, P. (2022). Working Capital Management Policies for Managers to Improve Profitability. Management Consulting Journal, 5(2) 66-78.
Register for Free Access
Not yet a Member, Subscriber or Friend? Register as a CMI Friend for free, and get access to this and many other exclusive resources, as well as weekly updates straight to your inbox.
You have successfully registered
As a CMI Friend, you now have access to whole range of CMI Friendship benefits.
Please login to the left to confirm your registration and access the article.
Looking for top tips, checklists or listed ways to help you along with your management and leadership journey? You can find these here with practical tools and tips to help you to become a better manager
Members See More
CMI Members have access to thousands of online learning and CPD resources. Learn more about our membership benefits
Join The Community
CMI offers a variety of flexible membership solutions, tailored to your needs. Find out more and get involved in the CMI community today.