Search

NEWS
HR & EDUCATION | Staff Reporter, Singapore
Published: 15 Sep 11
1376 views


Is Asia’s next generation of executives ready to lead the corporate world?

75% of current leaders say successors aren’t fully equipped to ascend corporate ranks.

The Corporate Executive Board released findings that indicate leaders across Asia fear the rising class of business executives lack the experience and related skills essential to effective leadership. In a survey of more than 3000 executives globally, nearly 75 percent of those in the region questioned their successors’ readiness to move into a leadership role, revealing a leadership gap between Asia’s current and future stars that will require immediate attention if aggressive business goals are to be realized.

The leadership gap is due in part to the fact that the next generation of leaders is made up of relatively young, inexperienced employees. While they have achieved rapid career advancement, many lack the fundamentals required to succeed in the transition from operational to leadership responsibility. On average this group has six fewer years experience than their counterparts in other countries and is likely to have moved up through a series of opportunistic career moves, hopping from company to company and promotion to promotion.

“Our research suggests that strong, capable leadership will be critical to realizing Asia’s growth potential and to reinforcing its history of innovation. However, executives across the region are expressing grave concern about the readiness of their rising stars to take the helm,” said Tom Monahan, CEO and chairman, CEB. “Current leadership question whether the next generation has the years and diversity of experience required to succeed.

Their concerns are well founded given that the next generation continues to ascend the corporate ladder without seeing the long-term effects of their business decisions or having learned critical skills commonly gained through years on the job. If companies across Asia want to achieve long-term business goals they must accelerate executive development and narrow the leadership gap.

The leadership gap is apparent not only to current leaders but to a broad employee base as well. When asked to evaluate next-generation executives, employees throughout Asia score them lower across all five leadership capabilities CEB has found most critical to effective leadership. These include team building, communication skills, problem solving, enterprise vision and strategic thinking. In fact, employees rated next-generation executives lower on all 15 leadership capabilities explored except one, business acumen. This suggests that employees believe their emerging leaders know the business basics of their market better than outsiders, but they don’t know how best to mobilize an organization to succeed in it.

Attracting capable leaders is important, but unfortunately not sufficient to bridge the leadership gap. Organizations must also retain current emerging leaders, accelerate their development, and enable them to succeed. Progressive companies across Asia are pursuing four core strategies to improve leader effectiveness:

•Engaging Leaders with High-Impact Career Paths: A compelling career path is the single most important engagement driver in an organization—especially since only 32 percent of employees in Asia express satisfaction with their jobs and their future career opportunities with their employer. Companies should ensure they are creating positions that clearly link the employee’s role to the firm’s success and lay out an attainable path to greater leadership responsibility. If the region is considered crucial to growth, organizations should consider concentrating top global talent there – expanding important leadership roles and creating a true leadership hub.

•Strengthening leadership capabilities that matter: Given the scarcity of critical leadership competencies, organizations need to focus on developing leaders broadly, but especially in the five capabilities that matter—team building, communication, enterprise vision, problem-solving and strategic thinking—throughout an individual’s career.

• Accelerating leader development through “crucible” stretch roles: Since next-generation executives across Asia typically trail their global peers in years of experience, companies can accelerate development by offering exposure to high-impact, “crucible” experiences – business critical positions where important decisions are required and where a rising leader can gain years of wisdom through rapid on-the-job learning.

•Realigning corporate support for leaders in transition: Leaders who succeed in challenging stretch roles rarely do so alone. Companies must enable stronger leadership by providing effective support systems. The best companies support leaders in stretch assignments by balancing leader expectations with regard to short- and long-term wins, ensuring access to a supportive network of managers and peers; and reinforcing team successes over individual accomplishments.
 



Sign up for our newsletter

 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.

Tags: singapore, executives, management, leadership

CO-WRITTEN ARTICLES & SPONSOR CONTENT ››

The leading Philippine residential developer unveils its most upscale township yet.
222 views

Find out what it has impressively accomplished.
421 views

LATEST HR & EDUCATION JOBS »
PRINT ISSUE »

Subscribe Now
Trains, planes, automobiles and drones

167 views

As goes Hong Kong, so goes Singapore?

1480 views

Office property shows no signs of a slowdown

413 views

MOST READ EXCLUSIVES

Singapore’s 20 most influential 40 and under lawyers

Singapore’s 20 most influential 40 and under lawyers

Check out who made our cut.

by KRISANA GALLEZO
15 Aug 2014 | 170052 views
 

13 most exclusive credit cards in Singapore

13 most exclusive credit cards in Singapore

Some of which you’ve probably not heard of.

by KRISANA GALLEZO
27 Aug 2014 | 99834 views

Singapore's 12 most influential business professors under 40

Singapore\'s 12 most influential business professors under 40

The youngest is aged 34.

by KRISANA GALLEZO
23 Oct 2014 | 42505 views
 

11 craziest credit card purchases in Singapore

11 craziest credit card purchases in Singapore

Find out if each is worth the outlay.

by KRISANA GALLEZO
22 Sep 2014 | 40205 views

Singapore’s 7 hot new restaurants in September

Singapore’s 7 hot new restaurants in September

Have you checked out a very secretive cafe at 48 ¾ Niven Road?

by KRISANA GALLEZO
6 Oct 2014 | 22682 views
 

Singapore's 8 hot new restaurants in July

Singapore\'s 8 hot new restaurants in July

More Singapore openings from famous restaurants in Asia.

by KRISANA GALLEZO
4 Aug 2014 | 21972 views

20 most preferred hotels of Singapore travelers in Asia

20 most preferred hotels of Singapore travelers in Asia

Hotels in Thailand dominate the list.

by KRISANA GALLEZO
12 Aug 2014 | 21574 views
 

Singapore’s 8 hotels coming your way next year

Singapore’s 8 hotels coming your way next year

A total of 3,458 hotel rooms will soon be available.

by KRISANA GALLEZO
8 Sep 2014 | 20119 views

Singapore’s 8 hot new restaurants in August

Singapore’s 8 hot new restaurants in August

Get a taste of an aromatic broken rice dish without MSG.

by KRISANA GALLEZO
4 Sep 2014 | 11561 views
 

Have you been to The Providore Warehouse yet?

Have you been to The Providore Warehouse yet?

Check out some photos inside.

by KRISANA GALLEZO
1 Sep 2014 | 10462 views

Check out General Motors’ new HQ in Singapore

Check out General Motors’ new HQ in Singapore

A ‘hot desks’ rule is implemented in the new office.

by KRISANA GALLEZO
3 Oct 2014 | 10400 views
 

Awesome workplace at 501: How's having a meeting while cuddling a teddy bear?

Awesome workplace at 501: How\'s having a meeting while cuddling a teddy bear?

Also check artistically designed in-house locations for video shoots.

by KRISANA GALLEZO
6 Aug 2014 | 10039 views

Singapore’s 10 favorite meals on wheels

Singapore’s 10 favorite meals on wheels

You better cut the pizza: An Italian dish bagged the number 1 spot.

by KRISANA GALLEZO
17 Oct 2014 | 8916 views
 

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

Have spare time before boarding? Dine in at Old Chang Kee’s first Changi Airport outlet

The new outlet’s construction cost more than half a million dollars.

by KRISANA GALLEZO
11 Sep 2014 | 5660 views

5 craziest things you can't imagine founders would do to make their startup successful

5 craziest things you can\'t imagine founders would do to make their startup successful

Will you jump out of the plane flying at over 15K ft  just to catch a potential client?

by KRISANA GALLEZO
3 Sep 2014 | 5382 views
 

Three best buddies in their 30s set up 6 Prawns and a Beer

Three best buddies in their 30s set up 6 Prawns and a Beer

Here’s a new food hub at Bukit Timah to enjoy a well-loved seafood with beer.

by KRISANA GALLEZO
12 Aug 2014 | 4508 views

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

The wait is over: Japanese restaurant chain ON-YASAI finally hits Singapore

10 to 15 more outlets coming over the next 5 years.

by KRISANA GALLEZO
28 Aug 2014 | 4438 views
 

Get ready to work and play at Spotify’s regional office

Get ready to work and play at Spotify’s regional office

All the furniture except the bean bags were imported from Sweden.

by KRISANA GALLEZO
23 Sep 2014 | 4379 views

Opera Estate welcomes a little bar simply called ‘Slake’

Opera Estate welcomes a little bar simply called ‘Slake’

It wants to be your living/dining room outside of home.

by KRISANA GALLEZO
25 Sep 2014 | 3742 views
 

These NUS students boldly suggest removal of Malaysian Airlines' CEO to survive

These NUS students boldly suggest removal of Malaysian Airlines\' CEO to survive

That's just one part of the strategy.

by KRISANA GALLEZO
16 Sep 2014 | 3101 views

No boys allowed: Here’s a coworking space designed for women only

No boys allowed: Here’s a coworking space designed for women only

The office space can be transformed to a large event venue for social nights.

by KRISANA GALLEZO
14 Aug 2014 | 3052 views
 

Will you take up the challenge to live on $5 a day and share the experience?

Will you take up the challenge to live on $5 a day and share the experience?

This campaign already generated over 8,000 followers on Facebook.

by KRISANA GALLEZO
23 Sep 2014 | 2531 views

Could this be the most intelligent phonebook app yet?

Could this be the most intelligent phonebook app yet?

It’s self-updating and removes duplicates for worry-free contacts storage.

by KRISANA GALLEZO
29 Sep 2014 | 2526 views
 

Worry about your loved ones’ whereabouts no more

Worry about your loved ones’ whereabouts no more

Folr introduces a real-time geo-location tracking mobile app that also details where they were.

by KRISANA GALLEZO
5 Sep 2014 | 2520 views

Arete Culture opens first store in Lam Soon Building

Arete Culture opens first store in Lam Soon Building

It's a one-stop shop for your quirky interior decors.

by KRISANA GALLEZO
24 Sep 2014 | 2514 views
 

Have money but don’t know what to do? Call DrWealth

Have money but don’t know what to do? Call DrWealth

It creates Asia’s first online financial planning platform for the masses.

by KRISANA GALLEZO
12 Aug 2014 | 2493 views

Want to know a ‘smart’ way to have your clothes washed?

Want to know a ‘smart’ way to have your clothes washed?

My Laundry Box introduces a smart laundry locker platform that works with an app.

by KRISANA GALLEZO
17 Oct 2014 | 2441 views
 

Orchard Gateway welcomes the second outlet of Outback Steakhouse

Orchard Gateway welcomes the second outlet of Outback Steakhouse

The store construction costs US$1.5million.

by KRISANA GALLEZO
21 Aug 2014 | 1977 views

Noël Caleb Concept Store opens September 29

Noël Caleb Concept Store opens September 29

It targets women wanting to wear designs not found anywhere in the world.

by KRISANA GALLEZO
10 Sep 2014 | 1793 views
 

Sofitel in Sentosa launches world's largest So SPA

Sofitel in Sentosa launches world\'s largest So SPA

Future plans are finally revealed.

by KRISANA GALLEZO
22 Oct 2014 | 1750 views
close Don't Show Again

STAY INFORMED! Get our free weekly newsletter