| | Chief Executive
magazine and Hay Group
have released their 4th
Annual Best Companies for
Leaders ranking. This
year's ranking welcomed
12 previously unranked
companies, including IBM,
Intel, Southwest Airlines
and Accenture; while one
company, 3M, climbed 15
spots to land at first
place in 2008. The major
shift in this year's
ranking was largely due
to a greater emphasis
given to peer-level
assessment.
"Increasingly,
companies' ability to
develop internal
leadership is becoming
their single greatest
competitive advantage,"
said JP Donlon,
editor-in-chief of Chief
Executive magazine.
"Most anyone can get | |
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| | access to capital, and
technological advantages
are short-lived because
technology and innovation
tends to spread rapidly.
But having one's own
superior pipeline is what
differentiates leading
edge companies from
others, and frankly, this
pipeline cannot be
created by hiring
talented leaders. This is
why the results of this
survey speak volumes
about companies' ability
to stay ahead today and
beyond."
Even though more than
half of this year's
ranking was composed of
newcomers, a few
companies, such as
Procter & Gamble and GE,
ranked two and three,
respectively, maintained
their historic berth at
the top.
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"The common
denominator among the top
companies is a serious
commitment to leadership
development," said Edward
M. Kopko, CEO and
publisher of Chief
Executive magazine.
"They all have formal,
in-depth development
programmes for
potentials, they all
practise coaching and
mentoring and provide
continued feedback and
assessment to potentials.
Moreover, in most cases,
the CEO is directly
involved, including
frequently teaching to
selected groups."
The survey results
underscored that
best-in-class companies
with a long-term focus
toward developing leaders
work hard – even during | |
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| | an economic downturn – to
create clarity, encourage
development, drive
accountability and
recognize successful
leaders. Of the companies
on the list, 65% hold
senior managers
accountable for
commitment to these
initiatives versus 36%
for all others; 63% of
the companies on the list
create a sense of purpose
for employees by
communicating values
versus 43% for all other
companies.
This year's ranking
also asked participants
to name the best business
leaders of this
generation. Jack Welch,
Bill Gates and Richard
Branson came out on top
of a list of 86 leaders
floated to the
respondents. | |
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