LONDON 13th November 2018 – The ScaleUp Institute is backing business and leadership advancement organisation Vistage to help MDs and CEOs of scaleup businesses across the UK develop the leadership skills they need to manage and sustain rapid growth.
With the UK government prioritising scaleups as part of its Industrial Strategy, research by the ScaleUp Institute reveals seven out of ten scaleups say leadership development will be “vital” or “very important” to the continued growth of their business. Respondents singled out access to local peer-to-peer networks, effective leadership development programmes and mentorship from people who know what it is like to grow a business as essential.
Vistage, which provides executive peer group mentoring to over 1,600 UK business leaders, is one of just a handful or organisations to earn an official endorsement by the ScaleUp Institute in its annual review of the national scaleup businesses, published today.
Geoff Lawrence, General Manager, Vistage UK & IRL, said: “Scaling your business is more than just entering an accelerated growth phase, it’s an entirely different business environment. Start-up owners are used to rolling their sleeves up and getting stuck in on almost every aspect of their business. But as the business grows, leaders need to be able to step back and spend more time working on rather than in the business. Making that transition can be difficult, so our members value the opportunity to seek perspectives and share advice with a group of people who have found themselves in a similar situation.”
The decision to endorse Vistage as one of the UK’s best leadership programmes for scaleups follows an extensive audit of the value its programmes deliver to members. According to research carried out by Dunn and Bradstreet, Vistage members grow their businesses on average 2.2x as fast as non-Vistage members.
Irene Graham, CEO of the Scale-Up Institute, said: “Leaders in rapidly scaling companies need to learn to cope quickly with changing demands and may need help to develop their managerial and leadership talent. Peer-group organisations like Vistage play a vital role in helping business leaders establish local connections to those who know what it is like to grow a business, and who can offer relevant support and guidance.”
Vistage is the world’s leading business performance and leadership advancement organization for small and midsize businesses. For more than 60 years, we’ve been helping CEOs, business owners and senior executives solve their greatest challenges through confidential peer advisory groups and one-to-one executive coaching sessions with accomplished business leaders. Today, more than 23,000 members in 20 countries rely on Vistage to help make better decisions for their companies, families and communities. The results prove it: Vistage member companies grow 2.2 times faster than average small and medium sized businesses, according to a 2017 study of Dun & Bradstreet data. Learn more at www.vistage.co.uk