As I have met with executives from global companies, the importance of leadership programs is apparent: Strategy: Global Leadership Development must be a part of the business strategy, as well as owned by the executives. Identification: Previous performance is the best predictor of future leadership potential. Employee Retention: For companies addressing high potential retention, they…
…but you can’t make him drink. If you consider the amount of money spent on training–average Fortune 1000 is spending about 2.5% of its operating budget on the learning function–(Bersin) and then retention and application percentage…there is a considerable amount wasted. It is estimated that between sixty and ninety percent of job-related skills and knowledge…
Not all innovations are "break-throughs," as slight modifications from less successful products can result in huge gains (i.e. iPod from the MP3). Google Maps has 70% of location-based queries – after they incrementally improved over MapQuest, including: · Attention to detail · Interaction design/usability · Better typography · Simplified map elements Where can your organization…
In the airline industry, simulations are an effective way for pilots to learn from virtual experiences that would be costly and difficult or dangerous to provide in the real world. These are now transitioning to the corporate world. Bob Johansen wrote Institute for the Future, where he outlined the business case for learning through business…
Global manufacturing is changing due to changes in wages, productivity, energy costs, and currency values. What was low cost (LATAM, Eastern Europe and most of Asia) and high cost (US, Western Europe and Japan) has transitioned. Flexible companies must reassess their global manufacturing footprints as there are shifts in the economics. Brazil is now one…
Millennials (digital natives) focus on career development and advancement, as do many. 30% of the workforce changes jobs every 3 years (Source: US Dept. of Labor). This will climax in 2021 when the “Silver Tsunami” peaks with baby boomer retirement maximizing. Kroger CEO David Dillon, “The advice I give to individuals in our company is…
Leadership effectiveness is building and maintaining a team that can outperform the competition (Hogan, Curphy, & Hogan, 1994). In order to gain this competitive advantage, US companies doubled the amount of money spent on leadership development over 15 years to $14B (Bassi, Gallager & Schroer, 1996; O’Leonard & Loew, 2012). Leadership: 34% of executives say…
When one thinks of innovation, Google is usually the benchmark to compare against. Innovation is reflected in their culture, where they have a process that encourages collaboration, rewards ideas, moves ideas forward, and then capitalizes on these ideas. Their mission: “Through innovation and iteration, we aim to take things that work well and improve upon…
Global leadership competencies are a rite of passage to do business in a dynamic, complex global marketplace. There are many lists of global leadership competencies – for my doctoral dissertation, I did a meta-analysis of 60 different research models. There is debate regarding whether academic institutions should provide the model, or if companies should produce…
The Forum reports that the most common ways someone loses trust are: · Being inconsistent, · Lacking transparency, · Lacking leadership skills, · Taking undue credit/passing blame, · Talking behind employees’ backs, · Not “walking the talk”, · Poor communication/interpersonal skills….
