New York, NY, June 23, 2015 — — American Management Association (AMA) and the Institute for Corporate Productivity (i4cp) have issued their sixth annual global leadership study: “Developing Global-Minded Leaders to Drive High-Performance.” Conducted in collaboration with Training magazine (Training Magazine), the study is based on input from 1,358 business leaders from over 90 countries.
The 2015 report provides a comprehensive overview of global leadership development across all regions and industries, said Sam Davis, AMA’s Vice President for customized consulting solutions. “For organizations seeking to encourage a global mindset among emerging leaders, the study is both urgent and authoritative. To have sophisticated executives prepared to take key positions at the head of a global organization means having to start early, and integrating global skills into training for first-level leaders. Organizations that haven’t take steps to do so will pay a price later on. Addressing this pressing need calls for commitment, resources and an enlightened and informed approach beyond just skills-building.”
Download a complimentary copy of the report, which details the practices of high-performance organizations and features case studies on Ford, Novartis, Lear Corporation, and Schlumberger:
According to i4cp’s Chief Research Officer, Kevin Martin, the business case to develop leaders with global skills and competencies is very clear. “We’re seeing a trend emerge from our research that indicates that organizations must look at leaders through a different lens. Business skills and acumen remain critical, but are now table stakes. It’s the ability to influence and drive collaboration across cultures, boundaries, and borders that has the greater variability on global leadership effectiveness and can make the biggest difference.”
Despite this, according to Martin, the goal of developing a global mindset is proving elusive for many organizations. “The study found that only half of large organizations prioritize developing leaders’ global skills and competencies, and only one-third consider their efforts successful.”
Among the key findings:
· Global development that begins with first-level leaders or individual contributors is more effective than delaying such efforts until candidates reach higher leadership levels.
· Active, experiential learning is preferable to on-the-job training in building global leaders.
· A global mindset distinguishes effective global leaders. Embracing cross-cultural diversity and cultivating collaborative relationships within and outside the organization are hallmarks of this perspective.
· Core social skills are essential for global leaders, including encouraging open expression of ideas, demonstrating awareness of global differences and maintaining positive relationships under difficult circumstances.
The study identifies several elements that promise to improve program effectiveness in a meaningful way. One key recommendation is that companies must ratchet up efforts to develop leaders early in their careers to have global skills and competencies, preferably within a distinct program and at least by including such focused curriculum within a general leadership development program.
About the study
The survey population consisted primarily of senior-level business, human resource and management professionals and was drawn from AMA and its global affiliates, i4cp’s global survey panel and subscribers to Training Magazine. The survey population was 1,358 with participants from over 90 countries. A majority of the organizations represented in the survey are headquartered in North America.
About American Management Association International
For over 90 years, American Management Association International (AMA) has been a world leader in professional development. AMA supports the goals of individuals, organizations, and government agencies with a complete range of corporate talent transformation solutions, including public open-enrollment seminars and onsite group training, with both live and online learning capabilities. In addition, an extensive variety of resources are available through AMA, including webcasts, webinars, podcasts, business books, and industry research. Organizations worldwide, including 90% of the Fortune 500, turn to AMA as their trusted partner.
About the Institute for Corporate Productivity
i4cp is a human capital research firm that discovers the people practices that drive high performance. Ranked among the fastest-growing companies on the Inc. 500|5000 list for four consecutive years, i4cp provides its extensive member network of leading global employers and government institutions with the research, peer collaboration, tools, and data essential to developing and executing workforce strategies and practices that deliver higher market performance. To learn about i4cp, go to i4cp.com/solutions.
About Training Magazine
Training is a 51-year-old professional development magazine written for training, human resources, and business management professionals in all industries that advocate training and workforce development as a business tool. Training also produces world-class conferences, expositions, and digital products that focus on job-related, employer-sponsored training and education in the working world. Training is published by Lakewood Media Group.