According to the Korn/Ferry Institute, a recent survey indicated that 75% of corporate executives doubt whether their senior staff currently have the leadership skills necessary to further grow their business in 2012. Not only do these C-level executives doubt their staff’s ability to grow the business, they doubt their ability to develop new talent in the company as well. Their beliefs directly impacted the execution of each organizations strategic growth plans for the upcoming year. Check out the survey results produced by the Korn/Ferry Institute.
Developing Leadership Skills in the Next Generation of Corporate Leaders
As the global economy moves to more stable ground, it’s increasingly important for organizations to consider how their leadership and talent strategies support their business strategies,” says Ana Dutra, CEO of Korn/Ferry Leadership and Talent Consulting. “Do organizations have the right leaders in the right roles? Are they looking to the future and rigorously identifying and developing their next-generation leadership pipeline? These are strategic C-suite issues. Our survey shows there is significant work to be done in leadership-skills development.”
In the survey, 52 percent of executive respondents say their companies need to acquire at least a modicum of new talent or invest in more talent development efforts for their executives. About 23 percent go further, saying that their companies need an overhaul in senior talent. The survey was conducted from January 27-March 5.
When asked if a lack of internal talent led their companies to postpone or abandon altogether any potential actions in the past two years, 73 percent responded yes, encompassing mergers and acquisitions (6 percent), geographic market expansion (11 percent), and product launches (6 percent), as well as multiple initiatives (32 percent). Original Story Here.
Developing leadership skills in the next generation of corporate leaders requires the savoir-faire and courage of today’s leaders which is no easy task. Avoiding the jealousies and egos of today’s leaders, which is required in the development of new talent can be tricky, but must be overcome to advance the long term goals of any company.
