Press Release – NZIM
2013 NZ Management Capability Index Released The New Zealand Management Capability Index was established by the New Zealand Institute of Management in 2003 to establish a baseline of management capability in New Zealand and to identify where performance …2013 NZ Management Capability Index Released
2013 NZ Management Capability Index Released The New Zealand Management Capability Index was established by the New Zealand Institute of Management in 2003 to establish a baseline of management capability in New Zealand and to identify where performance improvements can be made. The NZ Index has also been adopted by Australia, India, Singapore and Malaysia, allowing international comparisons of management capability to be made.
The overall NZIMCI is 71.9% which has improved from 66.2% in 2003. The current figure still suggests that NZ organisations are performing at less than ¾ of their capability, although NZ organisations rate slightly better than Australia (70.3), and Singapore (69.2). Malaysia and India ranked ahead of NZ, with scores of 72.0 and 76.8 respectively.
Generally speaking, the larger the NZ organisation, the lower the MCI score. In particular, small to medium sized organisations ranked better in terms of innovation than large organisations.
Other key New Zealand findings were that ‘Financial Management’ capability ranked highly vs. other countries, whereas ‘Organisational Capability and Innovation’ were low. Interestingly, NZ female managers appear to make tougher judgements about organisational capability than males, particularly when it comes to ‘Organisational Capability and Innovation’, although women managers rated ‘Integrity and Corporate Governance’ higher than males.
The Index measures ten categories: Visionary & strategic leadership, Performance leadership, People Leadership, Financial management, Organisation capability, Application of technology and knowledge, External relationships, Innovation – products and services, Integrity and corporate governance, and finally, Results and comparative performance.