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Why Do so Many New Managers Fail?
Sixty percent of all managers fail during their first 24-months
Young managers fail often, and quickly.
According to a report from CEB from 2019, sixty percent of all new managers fail during their first twenty-four months. This number is often higher in fields where the new manager is promoted from within, then is given the task of managing his former peers.
This internal promotion is often the way management works in service-based industries, such as restaurant and fitness businesses, or in nonprofits where loyalty to the cause is a criterion for promotion.
Startup tech companies are also notorious for promoting from within, elevating a loyal team member who has been around since the start into a position of leadership. These companies especially get hit hard with management failure since the person was promoted due to longevity rather than necessary skill set.
The business management tract has obviously evolved through the last decades. Old school managers were often groomed for their positions for years, were sent out to management training schools, or in larger companies were trained for months for their new roles. There was a method to management that had to be learned from those who had gone before you, and who were successful in those…
