CorpU Study Cites Inadequate Leadership Development as Threat to Business Growth.Polled Senior Learning Executives at World's Largest Businesses HARRISBURG Harrisburg, city (1990 pop. 52,376), state capital and seat of Dauphin co., SE Pa., on the Susquehanna River; settled c.1710 by John Harris, who established a trading post and operated a ferry there; inc. 1791. , Pa. -- Leadership development deficiencies are threatening the future performance of major global businesses, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. results announced in Corporate University Xchange's latest study on leadership. 97% of study participants are concerned about leadership strength, and 73% say current leadership ability is not sufficient to support company growth initiatives. Significant concern about ongoing leadership development also exists. Only 3% expressed confidence in their firms' ability to develop future leaders Future Leaders is a UK schools-led charitable organisation that aims to widen the pool of talented leaders especially for urban challenging secondary schools. It was founded in March 2006 by Nat Wei, a former founder of Teach First. to effectively ensure long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. success. In addition, commitment to leadership development is weak or not supported by appropriate financial investment at 70% of organizations polled. Seventy-three learning and business executives from Fortune 500 and Global 2000 companies participated in CorpU's study. A complete list of participants and the report's Executive Summary can be found at www.CorpU CorpU Corporate University Exchange .com/leadership. "Given the increasing complexity of today's business Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. environment, where companies focus on a growing number of markets, countries and regions, leadership talent is even more critical for long-term success," said Alan Todd Todd , Sir Alexander Robertus 1907-1997. British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures. , Chairman of the Board, Corporate University Xchange. "Failure to build leadership talent at a pace on par with aggressive company growth strategies and expansion to emerging markets may severely inhibit inhibit /in·hib·it/ (in-hib´it) to retard, arrest, or restrain. in·hib·it v. 1. To hold back; restrain. 2. business results." CorpU found that leadership talent identification and development initiatives are lacking, with 91% of organizations challenged to identify high potentials early in their careers. Developing talent often receives minimal attention in formal leadership development programs. Commitment to leadership development is not supported at the executive level, the study indicated. Only 32% said executives demonstrate strong commitment to leadership development and are willing to finance that commitment, while 81% are challenged to persuade managers to release high potentials for development assignments. Yet participants cite lack of leadership as a threat to business growth: 69% are concerned that insufficient leadership talent will prevent their firms from capitalizing on new markets in emerging economies. "Human capital is becoming the competitive differentiator in today's business world," said Peter Capelli, Director of The Wharton School's Center for Human Resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. . "CorpU's latest report provides an eye-opening look at the state of leadership development in major corporations and should motivate organizational change." The "Leadership 2012" report includes analysis of leadership trends and detailed information about leadership development practices used by specific businesses. About Corporate University Xchange Corporate University Xchange is the leading provider of corporate learning research, benchmarking, and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . Founded in 1997, CorpU's mission is to help organizations maximize human capital to deliver improved business results. The company's independent benchmarking studies and research conducted with Fortune 500 and Global 2000 companies provide unparalleled insight into trends and best practices in areas such as corporate training, leadership development and performance management. With the industry's largest paid membership network of Chief Learning Officers and Learning & Development practitioners, CorpU also has 30,000+ business leaders subscribing to its complimentary periodicals and webinars. For more information, visit www.corpu.com. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion