Hay Group annual study names best companies for leadership
27/01/2011
The study ranks the best companies for leadership around the globe and examines how those companies develop current and future leaders.


Fuente: http://www.consultant-news.com  Fecha: 27.01.2011

Hay Group annual study names best companies for leadership

Hay Group, a global management consulting firm, released its sixth annual Best Companies for Leadership Study and Top 20 list.

This year, General Electric topped the list, followed by Procter & Gamble, Intel Corporation, Siemens and Banco Santander. Accenture ranks 8th.

“They are adapting development tools and reward structures to equip managers with the changing global leadership skills the business environment demands, and incentivizing leaders to use these capabilities effectively.”

According to Hay Group’s study, all of the Top 20 companies report that everyone at every level of the organization has the opportunity to develop and practice the capabilities needed to lead others, compared to less than 70 percent of all other companies in the study. In addition, 90 percent of the Top 20 companies report that people are expected to lead regardless of whether they have a formal position of authority, compared to only 59 percent of other companies.

“The Top 20 Best Companies for Leadership are at the forefront of a significant shift away from hierarchical organizational operating models,” said Rick Lash, Director in Hay Group's Leadership and Talent Practice and co-leader of the Best Companies for Leadership Study. “Leadership in the twenty-first century is about leading at all levels; not restricting it to title. As organizations become flatter, the best leaders are learning they must check their egos at the door and become increasingly sensitive to diversity, generational and geographical issues.”

Hay Group’s study also found that the shift in organizational culture away from top-down leadership extends beyond employees at headquarters. All of the Top 20 companies encourage local leaders to participate in decisions made at headquarters, compared to 72 percent of all other companies. Similarly, 95 percent of the Top 20 companies report that ideas coming from subsidiary leaders are just as likely to be implemented as those from headquarters, compared to 76 percent of all other companies.

“This year’s Top 20 is a group of companies that are moving quickly to improve their efficiency and competitive positioning by flattening their business structures and diversifying their workforces,” added Lash. “They are adapting development tools and reward structures to equip managers with the changing global leadership skills the business environment demands, and incentivizing leaders to use these capabilities effectively.”