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.
The take-away:
Companies need to focus much more on developing internal talent. They should follow five principles: ensuring that executive development is a basic part of organizational design, spotlighting the best talent, sharing it across the corporation, filling jobs with executives who can learn the most from them, and moving nonproducers out of leadership positions.
Content: Article
Author: Helen Handfield-Jones
Source: McKinsey Quarterly
Subjects: Human Resources, Organizational Behavior
Author: Helen Handfield-Jones
Source: McKinsey Quarterly
Subjects: Human Resources, Organizational Behavior
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