The ability of an organization’s leaders to make effective decisions and to inspire its members to superior performance is perhaps the most important for business success.
“Show me a good leader and I’ll show you a good business.”
Mr. David Novak, Chairman and CEO, Yum! Brands, Inc.
Therefore it is interesting to look at the new lists of the best practices that are published. One is from Leadership Excellence —
Many of the companies cited are no surprise. GE has a legendary Leadership Development program and Ritz-Carlton offers its program to other companies. I find listing GM University as #5 a bit puzzling since GM has major business problems. According to APQC —
Founded in 1997, General Motors University (GMU) is a global network of education and training resources designed to help GM’s executive, management, technical, and professional employees continuously improve their competitive performance to conduct and expand the business of GM.
The next list is more prominent and is conducted by Hay Group (requires free membership but well worth it) consultants and CEO Magazine.
Notable is the dramatic move of 3M from 15th to 1st place. One of the key reasons is that 3M uses one of the most effective tools for developing leaders — mentoring;
3M emphasizes relationships and involvement with the company’s senior executives and programs where leaders teach leaders
Source — Best companies for leaders: 3M shoots to the top of the current ranking.
[An excellent article from Entrepreneur magazine]
Another way to digest these two lists is to look for companies that appear on both lists and these are GE, Procter & Gamble, FedEx and McDonald’s. The results are not surprising, these are companies that have a strong commitment to Leadership Development.
While these surveys provide useful information, Leadership Development programs, in general, do not provide desired results. For example, the Corporate University exchange indicates —
There are other references that current business conditions, rapid change and increasing complexity are affecting Leadership Development programs. More on this and more resources in the next post.
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