What is Poor Leadership Costing You?
Have you ever stopped to consider what ineffective team captains might be costing you and your team? Because effective leadership is so important, many in the business world are now quantifying the cost of ineffective leadership. For example, DDI, a leading researcher in the corporate world, has created a Cost of Poor Leadership Calculator. http://www.ddiworld.com/imex/greatleadervalue.asp According to their calculations, one poor leader costs a company more than $126,000.00 over the course of a year due to low productivity, turnover, and dissension. Ouch!!! With this in mind, have you ever wondered what poor leadership on behalf of your captains might be costing you during a season? While we can't easily or exactly put a monetary price on the cost of poor leadership, consider the following questions:
Leadership Factor = Plus/Minus 33% While it is difficult to measure, my best estimate is that leadership is a plus or minus 33% factor in the sports world. (The above-mentioned DDI uses an even higher figure of 40% in the business world.)
Put practically, a team with average talent and average leadership may end up 15-15 in a 30 game season. That same team with average talent but poor leadership could end up with a 10-20 record. And finally, that same team with average talent but great leadership could end up 20-10. Ask any NCAA basketball team if they would rather be 10-20, 15-15, or 20-10 heading into Selection Sunday in March. Ask any NCAA football team what kind of bowl game they would go to with a record of 4-8, 6-6, or 8-4. (Monetarily, this difference is significant and measurable as the 4-8 team has no bowl revenue and difficulty selling tickets next year coming off a losing season. The 6-6 team will be in a bowl game with a roughly $1 million dollar payout. And the 8-4 team will be in a reputable bowl game with a $3 million dollar payout.) Ask any coach at any level what his/her job satisfaction or security would be like with 1/3 more or less wins... Further, the Leadership Factor of plus or minus 33% just pertains to a team's record - which is only part of the equation.
When it comes to leadership, it's not just games and trophies that are at stake here but team, school, and community reputations, coaches' and athletic administrators' careers, and young people's futures and lives! As you can see, there is an often overlooked but important emotional, financial, and human COST with poor leadership. And numerous, over-arching, long-term BENEFITS with effective leadership. What is the Leadership Factor on your team? -33%... 0%... or +33% What is poor leadership costing you? Because leadership is such an important intangible, be sure to invest in your leaders - not only because it will help you win more, but more so because it is the right thing to do.
To learn how you can invest in the leadership development of team captains and leaders, click here for information about the Summer of 2009 Team Captain's Leadership Camp. Save $100 when you register by May 1, 2009.
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