Effective Methods for Developing Global Leaders | AccountingWEB

Effective Methods for Developing Global Leaders

“The best way to accelerate global leadership development is to have a sound framework,” Robert Kramer, Principal Researcher, The Conference Board and author of the report Developing Global Leaders: Enhancing Competencies and Accelerating the Expatriate Experience, says. “It is important to identify what lessons and performance demands are needed to build international business proficiency, and to find key talent and focus attention on the fast learners.”

The report found that 77 percent of the companies surveyed are seeking a variety of approaches to improve their global talent development with the majority seeking ways to accelerate the process. Almost half of the firms surveyed (47 percent) reported that providing targeted feedback on performance and potential as being the most effective tactic for accelerating global talent. In addition, 33 percent cite longer-term international assignments while 18 percent cite international cross-functional team participation as being among the most effective practices for developing global business leaders.

Since the primary vehicle for developing international leaders is experience, accelerating the process depends heavily on recognizing what experiences prepare talented individuals to become global leaders and giving talented individuals access to them. Early career experience overseas in specialized offshore assignments is reported to be a moderately or very effective by 86 percent of participating companies. More than two-thirds of companies regard education and training as only a supplement to actual expatriate assignments in the development of global leaders.

Other actions that can speed development of talent include:

  • Aligning development activities closely with known corporate leadership requirements.
  • Make use of external international management education and training opportunities.
  • Move work experiences to people instead of moving people to experiences by redesigning jobs and relationships without reassigning staff.
  • Tighten the company’s approach to talent development by actively managing the careers of top talent

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.