KUALA LUMPUR, Feb 7 (Bernama) -- The ‘Trends in Executive Development’ report, sponsored by BTS Group AB and conducted by Executive Development Associates (EDA), shows the need to retarget executive development on leaders’ abilities to create a compelling vision based on their company’s business strategy and increase bench strength.
The global research report found that changes in the external environment mean that executive programmes need to tie to the business strategy; digital transformation and innovation combined is the top influential condition impacting executive development; and high-potential development is a priority as companies need to strengthen their successor bench strength.
It also discovered that key leadership capabilities that need to be addressed point to senior leaders pushing empowerment down into the organisation; conferences, leadership coaching, mentoring, experience-based learning and business simulations, and assessments followed by development feedback are the key ways to develop senior leaders; and that most companies plan on increasing spending on executive development programmes in 2019.
“Technology continues to change the world around us. With the prevalence of digital disruption, organisations need to transform how they do business. This significantly impacts how executives lead,” said Greg Marchi, Executive Development, BTS.
“The trends in Executive Development research reflect the need to emphasise leading in an organisation’s specific context and strategy, which is changing at an increasing speed,” he added.
For the full report, visit https://www.bts.com/how-we-do-it/executive-development/2019-trends.
-- BERNAMA
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