In spite of rapid growth in business education, only one-fifth of the 140,000 new managers needed each year will achieve management qualifications.
Business schools and other training providers drew criticism as ‘insufficiently flexible to customise themselves to match organisations’ or individuals’ needs, most notably SMEs, where entrepreneurs have little time or money to attend courses.’
In other business finance news, preliminary results from venture capital group 3i showed a revenue profit after tax of £106m.
In the first half of the year the group saw a loss of £1,097m, which it said was largely due to a fall of £890m in the portfolio’s valuation. 3i invested £1bn included co-investment funds. The second half of the year generated a £137m profit.
Chairman Baroness Hogg said the business has detected improving business confidence among the companies it invests in, and higher levels of investment are expected next year.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice