Management Styles and Small Business Growth

Fortune Small Business offers this short article detailing the results of a study by the Gevity Institute, a human resources outsourcing firm in Bradenton, FL.

The results?

• Small businesses that granted workers more autonomy grew at more than four times the rate of those that relied on tight top-down controls.
• Superior HR and management decisions could mean the difference between an explosive business and a sluggish one.
• Companies that met all its criteria had an average revenue growth rate 22 times higher than those that didn't meet any, a profit rate 47 times higher - and one-sixteenth the turnover rate.

BOTTOMLINE: Paying attention to people and offering clear management direction from an engaged leadership team pays many dividends. Read the entire report here.