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One in three leaders of large organisations have no external professional network Disconnected leaders could be costing organisations $15.5 million annually Telstra launches new cross-industry connection initiative New research by Telstra has found a lack of connection between senior business and public sector leaders could mean a missed opportunity of about $53 billion in revenue annually across large Australian organisations. Telstra’s Return on Connection report quantifies the value of human-to-human connection for leaders, their organisation and the industries they support, and found Australia has a major collaboration opportunity for leaders facing into big and complex challenges. Conducted by YouGov, the report’s survey of more than 1000 senior leaders across large businesses and public sector organisations found: 1 in 3 have no professional network of peers outside of their organisation. Organisations with highly connected leaders[1] saw revenue growth 5% higher on average compared to less connected organisations[2]. A growth gap of around $15.5 million in lost opportunity in the past year on average for large organisations surveyed with lower levels of connected leaders – or $53 billion across all large Australian businesses. Telstra Enterprise Chief Customer Officer, Peggy Renders, said the opportunity for Australian industry and government to better connect was enormous. “Connection is in our Telstra DNA, it’s what we do. Our networks connect Australia – and our incredible country to the world,” Ms Renders said. “But it’s people that give purpose to technology, and it’s the connection that our connectivity enables that we are so passionate about. We see the power of connection, in all forms, as vital in strengthening and evolving Australia, our businesses and our industries.” She said that Telstra’s research not only put a dollar value on leader-to-leader connection, it found better collaboration led to increased problem solving and innovation. “We asked Australian leaders about what’s […]