The Hay Group’s poll to identify the best companies for leaders, conducted for Chief Executive magazine, found support for such techniques as rotating job assignments among potential leaders, advanced business education and self-study for mid-level managers. But it also warns leaders away from several common practices.
Outdoor-activity-based programs, job shadowing for senior managers and Web-based self-study pursued late in an executive’s career ranked low on return for investment.
“These practices may achieve other objectives, such as personal rewards or short-term team-building,” says Mary Fontaine, vice president and general manager of Hay’s research division, “but they don’t help companies develop more, better leaders.”
—Adapted from “U.S. best at grooming leaders of the future,” Nic Paton, www.management-issues.com.