Closing the Gap

January 2003
Management Services;Jan2003, Vol. 47 Issue 1, p6
Academic Journal
The Great Britain Small Business Services has published its 3rd "Closing the Gap" benchmarking report on small businesses. The report demonstrated big gaps between the top and bottom performing businesses with 25 percent of companies destroying value and achieving less than half of the accepted cost of capital. Main results indicated that there is a huge gap in value creation; most companies concentrate too much on the short term at the expense of longer term planning; and investment and that turnover per employee in the top 25 percent is at least double that of the bottom 25 percent. The report was written by the Cranfield School of Management.


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