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Rethinking Competitive Advantage: New Rules for the Digital Age by Ram Charan is one of those books. Charan has taken years of observation and distilled it into six practical rules to guide you into this digital age. Charan distinguishes digital capability and digital platform. Most traditional companies don’t think big enough.
Developing a Leadership Training Program for High Potentials: A Case Study. An assessment should be done of the high potential employees to determine their current strengths and development needs. We’ll look at how they determined what competencies were needed for future leaders and what comprised the program that was developed.
At the same time, leaders continue to struggle with one of their toughest jobs, developing and articulating their overall strategy and priorities, especially during times of change."
I believe that Charan’s perspective reflects an increasing emphasis among business leaders on the organizational capabilities required to win. Charan’s latest column actually affirms the value of HR to sustained competitiveness. Charan noted a few of these folks in his column. More is now expected of HR professionals.
A few months ago, Ram Charan proposed splitting HR into two parts: one to oversee leadership and organization, and one to handle administration. But talent acquisition and learning and development are altogether different — and they should never be done on the cheap. That was a useful conversation starter. labor force by 2025.
In the July/August issue of HBR , Ram Charan argues that the Chief Human Resources Officer (CHRO) role should be eliminated, with HR responsibilities funneled in two separate directions — administration , led by traditional HR-types, reporting to the CFO; and talent strategy , led by high-potential line managers, reporting to the corner office.
It reflected the reality that a lot of GE’s growth will be coming from the developing world, and the leaders have to be there. Today most if not all industries are impacted by digitization—mobile technology, big data, and the like. It was the first time a vice chair would be based in an emerging market. Don’t delegate them away.
And, on the other hand, it includes being adaptive and agile, demonstrating an ability to connect with different kinds of people through many different communication platforms and technologies. Help connect work deliverables or professional development to what’s happening at the organizational level.
And they receive little on-the-job training to develop skills such as how to allocate short- and long-term resources, how to provide developmental feedback, or how to effectively handle conflict – leadership skills needed to run a vibrant business. These leaders learn to oversee and delegate work, and develop and coach others.
USC’s John Boudreau, CEO adviser Ram Charan, and consultants at Bain & Company , McKinsey, and Korn Ferry have made similar arguments. But over and over again in our three decades of experience as talent development and retention specialists, we’ve seen that companies consistently overlook half of them.
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