Many corporations want and need leaders who can help them compete successfully in today’s global environment, but knowing this and doing something about it are two different things, a point clearly made in our 2010 CMC/AMA/i4cp Developing Successful Global Leaders Study. In 2010, Canadian Management Centre along with our affiliates at American Management Association (AMA) commissioned the Institute for Corporate Productivity (i4cp) to study what high-performance organizations are doing differently and how workforce improvements have bottom-line impact.
The good news: those who do have these programs may be enjoying performance-related benefits. This Study finds a significant statistical correlation between the degree to which respondents said their organizations have these initiatives and the degree to which they reported that their companies enjoyed improved market performance.
Inside you will find 14 key findings; including:
- Critical thinking and problem solving, change management, and leading cross-cultural teams are the most widely taught global leadership competencies.
- It pays to involve senior executives in leadership development programs. Their most significant contribution is in the communication surrounding the program and in establishing business results needed for the program.
- About two-thirds of survey respondents said that they are using outside vendors, suppliers, and/or other experts to aid in the creation and implementation of a global leadership program. When organizations contract with outside specialists, they are looking for subject matter expertise and a proven ability to execute first and foremost. The program components that are in most demand from outside experts are the ability to develop courses, provide instructors, and evaluate the success of the program.