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Harvard Business Publishing Survey Reveals Striking Lack of Confidence in Leadership Capability of Global Organizations
Date:9/9/2013

Boston, MA (PRWEB) September 09, 2013

Global executives are suffering from a crisis of confidence. According to a survey by Harvard Business Publishing, their leaders lack the skills to achieve strategic goals, and the need to develop stronger leadership capability extends to middle managers, who are being asked to do more than ever before.

Harvard Business Publishing’s global survey of executives and senior talent development professionals in prominent organizations reveals a striking deficit in leadership talent. Only 32% of the 800+ respondents believe that their organizations have the right leadership talent and skills to achieve their organizations’ strategic goals. Just 31% are confident their leaders have the right leadership skills to cope with the current business environment.

Leadership Development Goals and Hurdles
Leadership development is increasingly viewed as a strategic lever for organizations. 43% of the talent development professionals surveyed say that the most significant goal for leadership development is to drive business transformation – ahead of building more general management capability at all levels (24%) and accelerating the leadership pipeline (21%).

40% of respondents see getting participants to commit time away from their job to participate as the most difficult challenge to initiating a new leadership development initiative. Time away from work, not budget constraints is the biggest factor stalling the success of such programs. Just 24% cited budget constraints as their biggest hurdle.

Strong Focus to Develop Middle Managers
Prior research has shown that middle management is increasingly the driving force behind many corporate initiatives, and yet, this group is historically underserved by leadership development programs. There is now a strong focus (80%) on middle managers needing to develop change management capabilities. Respondents also see leadersh
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