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LEADERSHIP IS A PROCESS OF SOCIAL INFLUENCE, WHICH MAXIMISES THE EFFORTS OF OTHERS TOWARDS THE ACHIEVEMENT OF A SHARED GOAL.

Monday, February 01, 2010

Increased Spending on Leadership Development Predicted in 2010

According to recent Deloitte research, 'economic optimism has reached its highest level among surveyed executives since January 2009'.

In particular, the research indicates that:

•More than four in 10 executives surveyed expect their companies to increase programmes aimed at developing high potential employees (47 percent) and cultivating corporate leaders (43 percent).

•Nearly three-quarters of surveyed executives believe that leadership development was either critically important (27 percent) or very important (45 percent) at their companies. And, an overwhelming eight out of 10 either agreed (55 percent) or strongly agreed (25 percent) that their companies have a clear leadership development strategy.

•Despite near universal agreement on the importance of leadership programmes, surveyed executives do not have a high sense of confidence about their efforts in this area. Only 10 percent of survey participants describe their leadership initiatives as "world-class across the board."
 
The implication of this type of research is that we expect executives to continue to shift their talent portfolios from 'defensive' measures, such as cutting headcount and focusing primarily on costs, to 'offensive' programmes, including retention of critical leaders and workers and increased spending on training and development with a focus on leadership.
 
For more, see - http://www.deloitte.com/view/en_US/us/Services/additional-services/talent-human-capital-hr/article/cf6c9a4636566210VgnVCM100000ba42f00aRCRD.htm
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