Indian Firms Investing Megabucks on Leadership Pool

Wednesday, 31 July 2013, 11:13 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

Kolkata: At a time when most Indian firms have cut costs to improve bottom lines in a sluggish economic environment, a select few are taking a different route and investing substantially on developing leaders. At least a dozen owner-driven companies, including CK Birla group, Dr Reddy's, GMR, Jindal Steel, Reliance Industries and Sterlite, are said to be investing between 5-15 crore on leadership development over and above their regular training allocation.

"Leadership development is now being oriented for the growth of the company in domestic and global markets as also for the succession plan," says Yogi Sriram, Senior Vice-president, Corporate HR of India's largest engineering & construction conglomerate L&T, which offers leadership programmes across all levels and functions.

"Today's leaders need to be more agile and flexible to make course changes, in challenging situations and in turbulent times," says Sriram. "These skills can be inculcated via leadership programmes by providing '270 degree' feedback from the head of the department, juniors and customers, which help the individuals develop leadership behaviours and consistency. "In order to perform sustainably in today's competitive markets. The ability to innovate and to satisfy stakeholders depend on the quality of the leadership," says Sonia Stojanovic, who had served as a senior practice expert in organisation behaviour at McKinsey's New York office.

Also Read:
5 Unusual Ways You Can Borrow Money for Your Business
Know Why Insurance For Women Is A Must


Source: PTI
next new
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..