Hay Group India Blog
No organization can afford to make do with mediocre performance. Great leadership liberates great performance. But moving your leaders from average to world-class in today’s challenging environment requires a more focused approach to leadership development.
Hay Group works with world-class organisations to undertake leadership development that is distinct in four key areas:
- Knowing how to make the biggest impact on performance
- Understanding the unique requirements of the role
- Understanding what drives behavior
- Developing a leadership culture
In order to run globalized companies, Asian leaders must set the direction and discipline for innovation. Insights on individual leadership styles, ensuring strong leadership pipelines etc., have been useful preludes, but they are no longer enough for sustainable success in the new economy. Our latest research urges Asian firms to catch up to global Top 20 companies in the following ways:
- Develop an organizational structure that enables quick communication. This is fundamental to organizational agility, its decision-making frameworks and responsiveness to market changes.
- The Asian tradition of directive leadership will not work. Everyone is expected to lead, even if they have no formal position of authority, and Asian bosses must learn to delegate their authority and decision-making power. This, we found, leads to higher employee engagement and motivation.
- Create personally meaningful work. Having an innovation strategy is no guarantee of success, and the most innovative companies are interested in discretionary effort.
Therefore, strategies must be decoded vertically and horizontally so that personal interests are aligned with corporate and interdepartmental goals.
