Many CEOs are naturally inclined – and responsible for – overseeing the day-to-day operations of their respective firms. Not that there is anything wrong with that, but in the years ahead, one of a company’s major competitive advantages will be its ability to attract, develop, excite and retain talent. Responsibility for managing that talent is already being assumed by some CEOs, who, these co-authors and … [ Read more ]
Content: Article | Authors: Beth Axelrod, Ed Michaels, Helen Handfield-Jones | Source: Ivey Business Journal | Subjects: Human Resources, Leadership, Management
A McKinsey survey shows that most companies are poor at developing their executives-often, because of a belief that talent will rise by itself or that needed skills can always be brought in from outside. But leaving executive development to chance is risky.
Companies need to focus much more on developing internal talent. They should follow five principles: ensuring that executive development is a … [ Read more ]
Content: Article | Author: Helen Handfield-Jones | Source: McKinsey Quarterly | Subjects: Human Resources, Organizational Behavior