According to the research conducted by the ReWild Group over five years, nearly 60% of all small and mid-sized businesses lack a management team robust enough to meet the organization’s needs. Businesses with 35 to 350 employees reveal a more shocking finding, as 95% of them lack a fully developed management team. In Australia, 60% of businesses fail within the first three years of their operations, and one of the reasons contributing to this is poor management.
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https://www.forbes.com.au/brand-voice/uncategorized/the-rewild-group-introduces-an-exceptional-program-to-help-businesses-nurture-strong-management-teams/