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Cultivating Business Leaders in Emerging Markets

Posted By Guy Pfeffermann, Tuesday, May 25, 2010
Updated: Monday, January 28, 2013

Guy PfeffermannRapid, unpredictable changes in market conditions, boundless opportunities, fierce competition—that's what emerging markets are like. Unfortunately they're also short on executives with the leadership skills needed to succeed in this kind of environment.

For years now, China has been a locomotive of global growth. Chinese growth has pulled several hundred million persons out of poverty. The on-going trade negotiations between the US and China and press commentary underscore the perception of China being highly competitive. I am astounded, therefore, to read in Jean Lee's evidently well-informed article that companies in China are "short on executives with the leadership skills needed to succeed" in a highly competitive environment. If that is the case in China, how much more acute must be this shortage in the other emerging economies, most of which have not grown nearly as fast as China? The Wall Street Journal article vindicates, and dramatically so, the basic tenet of the Global Business School Network, which is that enhanced competitiveness and more broadly-shared economic growth require a greater supply of highly-skilled leaders and managers - not just in business but also in social services, government, in fact throughout society. Working with management schools, companies, civil society and governments at meeting this challenge is what GBSN is all about.

In emerging markets, where companies and entire industries are growing and evolving at an accelerated pace, open-ended learning is crucial.

 

Read "Emerging Need: How companies in developing markets can cultivate the leaders they lack" by Jean Lee, WSJ, May 24, 2010

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