Management Shortfall and Corporate Learning

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From new hires and mid-lever managers to c-suite - or top-level management chiefs - and even board directors, corporate learning is garnering an unprecedented level of attention in corporations around the world. Leadership is taking on new meaning.

Up and coming executive are being recruited as much for their "soft skills" in teamwork, communication, sustainability, corporate responsibility and ethics as they are for their financial and strategic prowess.

Extractive industry firms such as BHP Billiton, Rio Tinto or Exxon say that the shortage of managers able to display sensitivity to local demands in unstable operating environments threatens to permanently undermine large-scale investments.

Future managers and executives will have to integrate new factors, uncertainties and views into their decision-making process. They will need a different set of tools to cope with complex operating environments. Global companies are reviewing their human resources strategies and internal management development programs to better address current shortfalls. In this context, corporate training services providers as well as business schools have a growing and vital role.

Business schools and corporate training providers are opening themselves up to non-traditional collaborations and partnerships - with business and other stakeholders.

Executive education programs may currently struggle to keep pace with corporate progress. However, academic reform and innovations are on an upward curve, which societal pressures will surely accelerate.

This article is a timely initiative and reminder that change is indeed taking place in executive education. Whether this change is sufficient, I leave to your individual judgment.

Muhammad Yaqoob is a Corporate Blogger and Social Media Expert. For more information please visit http://ny-mafia.blogspot.com

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