Developing Leadership Pipeline
The recent Deloitte Human Capital survey revealed that 97% of business and HR leaders in Southeast Asia face leadership capability as the key talent issue. As much as the diverse Asian market presents economic growth opportunities to businesses, it is also being struck by the scarcity of qualified leaders to face emerging challenges.
On top of operational excellence, organisations are heavily dependent on leaders who are adaptable to learn at the speed of innovation while at the same time empower their people to take action fast.
It is,therefore, crucial for organisations to stabilise and elevate its internal leadership capabilities through a more engaged succession planning process and most importantly, invest in developing a leadership pipeline to ease the transition of functional managers to strategic leaders. This, in turn, contributes to the process of building a high-performance culture - creating new levels of value in a competitive marketplace.