In past few decades, globalization has had a significant impact on working individuals, corporations and consumers. In this process, generally an organization’s growth and expansion leads corporations to new challenges and opportunities. One of challenges is overcoming geographical and cultural differences to form an integrated leadership development program that bridges offices and cultures and adequately identifies, assesses and develops leaders. In doing so, organizations must ensure they have right leaders in place to turn business growth into results, derive sale, and increase profits.
In many organizations, leadership development is identical with standardized development tools such as 360-degree reviews. Generally, this popularity is based on the perceptions of organizational leader, which believe to establish a culture of continuous learning, and provide more global feedback for employees, which will lead to improved performance. But when a corporation grows and expands globally, it also introduces a variety of cultural backgrounds, competencies, styles and experiences into the mix, requiring learning and talent management leaders to work together. A growing organization would be inattentive to rely on a one-size-fits-all approach and standardized tools to develop its leaders.
Instead, with careful and mindful consideration of employees and business goals, an organization can use a mix of cost-effective strategies and tactics that leverage its growing employee base to create leadership development programs. These kind of programs increase consistency across departments and geographies, ensure the right development and placement of leaders in critical roles and contribute to overall business success. A business needs analysis can help define this common thread and determine where gaps exist in an organization’s talent development strategy. Based on the results from the analysis, an organization should formally establish global
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