Insights
Korn Ferry: Real World Leadership Series Part Two
Korn Ferry commissioned a comprehensive, global survey of views on leadership development in July and August of 2015. The survey generated more than 7,500 responses from 107 countries, with broad representation from markets such as North America, the UK, continental Europe, Australia, and Asia. Three in four of the leaders who responded are engaged in their organizations' business functions; the rest are in human resources.
Key findings include:
- "Filling gaps in the leadership pipeline" is a top global leadership development priority for organizations, second only to "developing leaders to drive strategic change.
- "Organizations are generally operating with a 50/50 "build" versus "buy" ratio to fill leadership gaps, even though they say the ideal ratio, based on current best practices, is 67% "build" and 33% "buy."
- Most new executives require a minimum of six months to become fully productive in their roles, yet 53% of survey respondents expect optimal performance from leaders in new and critical positions in six months or less.
- Lack of executive sponsorship is the number one barrier to successful leadership development.
Thought leadership category