| | 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 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.
"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 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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