To sustain the rapid business growth in India and the entire Asia, a proactive and strategic focus on leadership development for organisations has become imperative, a latest survey says.
According to a study by global consultancy The Gallup Organisation commissioned by Singapore Ministry of Manpower, the absence of strategic focus on leadership development would make it even more difficult for the next generation of leaders in the region to assume leadership roles.
"Organisational leaders may spend 90 per cent of their time running their organisations and 10 per cent of their time identifying and grooming the next leader. But often it is the latter 10 per cent of the effort that will help solve 90 per cent of out future problems," Singapore Workforce Development Agency Chief Executive Ong Ye Kung said.
"There are different models for developing leaders and it will be interesting to hear the experiences of leaders across different Asian countries and cultures at the Singapore Human Capital Summit," Kung added.
The study, conducted jointly with University of Nebraska, evaluated leadership profiles in two Indian cities -- Mumbai and Bangalore -- and four other Asian cities: Beijing, Hong Kong, Shanghai and Singapore.
As per the study, which would be released next month during the Singapore Human Capital Summit, CEOs in Asia expressed a willingness to develop the next generation of leaders in their respective organisations, but very few of them are proactive and strategic in doing so.
The Singapore Human Capital Summit would be organised by the Singapore Ministry of Manpower and Workforce Development Agency in October.
