UK Ministers are aiming to establish a new mentoring network, which might provide assistance to the likes of start-up organisations, the CMI reports.
Proposals for a 40,000-strong network have been discussed by Vince Cable, the country’s business secretary, with financial mentoring also due to be on offer through the scheme.
Mr Cable is calling on more businesses to get involved in the project and provide support to those who are just starting out for the first time.
He stated: “Mentoring is a very effective way of promoting start-ups, higher productivity and growth amongst established businesses, so I am delighted to announce this new network.”
The politician launched the mentoring scheme during Global Entrepreneurship Week, which is due to run until November 21st.
Managers aiming to boost their leadership skills may be interested to note that Enterprise UK has co-founded the awareness week, with around 104 nations taking part in it.
It is thought that as many as 40,000 events might be staged over the course of the week.
CMI’s CEO Ruth Spellman said this week:
“There has been a significant surge in interest both from people seeking the support of mentors and in mentors who want to develop their skills. It is a trend that I hope will continue because the value of learning from the practical and real experience of others cannot be under-estimated.”
Ruth’s comments come in the wake of CMI research which revealed that:
- 68 per cent of managers say that coaching is an effective method of learning
- lmost 1 in 4 (23 per cent) prefer to learn from colleagues
- 15 per cent argue that they are more comfortable seeking the advice of managers in other organisations
- businesses using external advice are twice as likely to grow their workforce
- 64 per cent of SMEs fail due to a lack of developed management and leadership skills
Search CMI research reports to gain an insight in to the latest management issues. Source: Chartered Management Institute (CMI).
The government is looking to small and medium size businesses to help boost growth and jobs.