{"id":44209,"date":"2017-08-01T10:02:53","date_gmt":"2017-08-01T08:02:53","guid":{"rendered":"https:\/\/newserver.fyb.de\/produkt\/with-ordinary-people-to-extraordinary-returns\/"},"modified":"2017-08-01T10:02:53","modified_gmt":"2017-08-01T08:02:53","slug":"with-ordinary-people-to-extraordinary-returns","status":"publish","type":"product","link":"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/","title":{"rendered":"With ordinary people to extraordinary returns"},"content":{"rendered":"

Dr. Nico Rose<\/strong> \u2014 Senior Direc\u00adtor Corpo\u00adrate Manage\u00adment Deve\u00adlo\u00adp\u00adment at Bertels\u00admann SE & Co. KGaA, G\u00fctersloh<\/p>\n","protected":false},"excerpt":{"rendered":"

German compa\u00adnies lose an esti\u00adma\u00adted 130 billion euros every year due to the conse\u00adquen\u00adces of \u201cinter\u00adnal dismis\u00adsal\u201d and \u201cservice by the book\u201d. For the U.S., the value is curr\u00adently esti\u00adma\u00adted at $450 billion to $550 billion. In addi\u00adtion, there are immense mone\u00adtary and social costs due to psycho\u00adlo\u00adgi\u00adcal stress and its conse\u00adquen\u00adces, espe\u00adci\u00adally conti\u00adnuous under\u00adper\u00adfor\u00admance, absen\u00adte\u00adeism, illness costs, and early reti\u00adre\u00adment. When asked about the causes of this grie\u00advance, the number one issue in almost all surveys is the poor quality of leader\u00adship. Employees leave their boss, not their company.<\/strong><\/p>\n

Two HR mana\u00adgers meet. One asks, \u201cTell me, how many people actually work in your company?\u201d Replies the other, \u201cHmm\u2026 about 50%, I\u2019d say.\u201d On the one hand, this joke is quite whim\u00adsi\u00adcal, but the punch line can also get stuck in your throat on closer inspec\u00adtion. Accor\u00adding to a study by the AOK (one of the largest health insu\u00adr\u00aders in Germany), absen\u00adte\u00adeism due to burn\u00adout syndrome and simi\u00adlar psycho\u00adlo\u00adgi\u00adcal stres\u00adses increased eigh\u00adte\u00aden\u00adfold(!) in Germany between 2004 and 2011. Accor\u00adding to almost all surveys, the reason is poor leader\u00adship. And thus comple\u00adtely in the spirit of the bon mot: Employees leave their boss, not their company.<\/em><\/p>\n

To comple\u00adment this, here is another big figure: accor\u00adding to recur\u00adring studies by the Insti\u00adtute of the German Economy in Colo\u00adgne, German compa\u00adnies have been conti\u00adnuously inves\u00adt\u00ading more than 25 billion euros in the further trai\u00adning of their employees for years. Leader\u00adship trai\u00adning accounts for a not insi\u00adgni\u00adfi\u00adcant portion of this. If you then add expen\u00adses for indi\u00advi\u00addual coaching and the much-booked rheto\u00adric and presen\u00adta\u00adtion semi\u00adnars as instru\u00adments of leader\u00adship, it beco\u00admes clear: leader\u00adship know\u00adledge should be available enough. The problem is: it does\u00adn\u2019t seem to be doing much good. Although billi\u00adons of euros are inves\u00adted in leader\u00adship quality every year, \u201cpercei\u00adved leader\u00adship\u201d remains the number one short\u00adco\u00adming in companies.<\/p>\n

Rele\u00advance for private equity companies <\/strong><\/p>\n

This \u201cenergy loss\u201d is also highly rele\u00advant for private equity firms. On the one hand, it redu\u00adces the expec\u00adted returns on corpo\u00adrate acqui\u00adsi\u00adti\u00adons. On the other hand, a serious lack of employee enga\u00adge\u00adment can be trig\u00adge\u00adred by poorly mana\u00adged M&A proces\u00adses \u2014 espe\u00adci\u00adally if the \u201csoft side\u201d of such a tran\u00adsac\u00adtion is left out.<\/p>\n","protected":false},"featured_media":41415,"comment_status":"closed","ping_status":"closed","template":"","meta":{"wp_typography_post_enhancements_disabled":false},"product_brand":[],"product_cat":[2452,2550,2607],"product_tag":[2327,2331,2332,2341,2345],"class_list":{"0":"post-44209","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-ebook-en","7":"product_cat-fyb-2015","8":"product_cat-dr-nico-rose-en","9":"product_tag-rose-en","10":"product_tag-nico-en","11":"product_tag-inner-dismissal","12":"product_tag-service-by-the-book","13":"product_tag-leadership-quality","14":"pa_sprache-english-3","15":"pa_sprache-german","17":"first","18":"outofstock","19":"taxable","20":"shipping-taxable","21":"purchasable","22":"product-type-variable"},"yoast_head":"\nWith ordinary people to extraordinary returns - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"With ordinary people to extraordinary returns - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"German companies lose an estimated 130 billion euros every year due to the consequences of "internal dismissal" and "service by the book". For the U.S., the value is currently estimated at $450 billion to $550 billion. In addition, there are immense monetary and social costs due to psychological stress and its consequences, especially continuous underperformance, absenteeism, illness costs, and early retirement. When asked about the causes of this grievance, the number one issue in almost all surveys is the poor quality of leadership. Employees leave their boss, not their company. Two HR managers meet. One asks, "Tell me, how many people actually work in your company?" Replies the other, "Hmm... about 50%, I'd say." On the one hand, this joke is quite whimsical, but the punch line can also get stuck in your throat on closer inspection. According to a study by the AOK (one of the largest health insurers in Germany), absenteeism due to burnout syndrome and similar psychological stresses increased eighteenfold(!) in Germany between 2004 and 2011. According to almost all surveys, the reason is poor leadership. And thus completely in the spirit of the bon mot: Employees leave their boss, not their company. To complement this, here is another big figure: according to recurring studies by the Institute of the German Economy in Cologne, German companies have been continuously investing more than 25 billion euros in the further training of their employees for years. Leadership training accounts for a not insignificant portion of this. If you then add expenses for individual coaching and the much-booked rhetoric and presentation seminars as instruments of leadership, it becomes clear: leadership knowledge should be available enough. The problem is: it doesn't seem to be doing much good. Although billions of euros are invested in leadership quality every year, "perceived leadership" remains the number one shortcoming in companies. Relevance for private equity companies This "energy loss" is also highly relevant for private equity firms. On the one hand, it reduces the expected returns on corporate acquisitions. On the other hand, a serious lack of employee engagement can be triggered by poorly managed M&A processes - especially if the "soft side" of such a transaction is left out.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/\" \/>\n<meta property=\"og:site_name\" content=\"FYB Financial Yearbook\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Rose.png\" \/>\n\t<meta property=\"og:image:width\" content=\"334\" \/>\n\t<meta property=\"og:image:height\" content=\"298\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/\",\"url\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/\",\"name\":\"With ordinary people to extraordinary returns - FYB Financial Yearbook\",\"isPartOf\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Rose.png\",\"datePublished\":\"2017-08-01T08:02:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/#primaryimage\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Rose.png\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2017\/08\/Rose.png\",\"width\":334,\"height\":298},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fyb.de\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FYB Shop\",\"item\":\"https:\/\/www.fyb.de\/en\/shop\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"With ordinary people to extraordinary returns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fyb.de\/en\/#website\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"name\":\"FYB Financial Yearbook\",\"description\":\"For Your Business\",\"publisher\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fyb.de\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fyb.de\/en\/#organization\",\"name\":\"FYB Financial Yearbook\",\"url\":\"https:\/\/www.fyb.de\/en\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"contentUrl\":\"https:\/\/www.fyb.de\/wp-content\/uploads\/2020\/06\/logo.svg\",\"caption\":\"FYB Financial Yearbook\"},\"image\":{\"@id\":\"https:\/\/www.fyb.de\/en\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"With ordinary people to extraordinary returns - FYB Financial Yearbook","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fyb.de\/en\/produkt\/with-ordinary-people-to-extraordinary-returns\/","og_locale":"en_US","og_type":"article","og_title":"With ordinary people to extraordinary returns - FYB Financial Yearbook","og_description":"German companies lose an estimated 130 billion euros every year due to the consequences of \"internal dismissal\" and \"service by the book\". 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