Companies with a 'culture of fear' are worse-performing
- October 3, 2015
- / Ron Stallcup
- / economy
Business reporter, Rosie Taylor, has an article at The Daily Mail about a study by the Chartered Management Institute comparing traditional hierarchical firms with those owned by their workers.
Here are the findings of the study:
1. A culture of fear in the workplace can decrease productivity.
2. Employees working within strict hierarchy are more likely to waste time.
3. Workers who had a share in ownership of their company were more likely to apply values of fairness, trust, humility and courage.
4. Workers at companies with a strictly hierarchical structure were four times more likely to describe their managers as 'commanding, controlling and coercive'.
MY TAKE: It’s nice to see a study that backs up what I have observed first hand.
You can read the story and the comments here.