• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Cornerstone International Group

Executive Search Firm

About Cornerstone

About Cornerstone

The Cornerstone Edge

AESC

Leadership Team

Diversity, Equity, & Inclusion

Become a Partner

Play Video

Get to know Cornerstone

Retained Executive Search

Discover

Retained Executive Search

Assessments

Specializations

Consumer / FMCG

Industrial

Non-Profit

Finance & Private Equity

Life Science & Health

More...

Find an Office

North America

Latin America

Europe / Middle East

Asia

 Find an Office

 Find a Search Consultant

Coaching / Leadership Dev

Discover

Executive Coaching Services

Leadership Development

Board & CEO Advisory Services

Assessments

Find a Coach

News / Blog

News & Blog Posts

National Outlooks

Videos

Surveys

Press Releases

Popular Blog Topics

COVID-19

diversity

leadership development

Healthcare

executive search

executive coaching

women in business

Life Science

neuroscience

vitality quotient

Latest Blog Post

Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment

June 2, 2022
Contact
Press Releases Leadership Development: Life-Blood or Lip Service?
Apr 10

Leadership Development: Life-Blood or Lip Service?

Cornerstone International Group

Global Senior Management Survey suggests lack of commitment to developing leaders from within.

SHANGHAI, CHINA, April 10 2014 – Four out of five business leaders consider leadership development the key to unlocking value, but less than half are walking the talk. That’s one of the disconnects revealed in the latest global Senior Management Survey by Cornerstone International Group.

Leadership development strategies have been seen as the life blood of an organization since Talent Management came on the scene 20 years ago.  Yet designing the required talent development and compensation programs remains a challenge for most companies.

Although 84% made leadership development their top priority, the Cornerstone survey showed that   only 50% had a Human Capital strategy embedded.   Less than 40% believed they had good advancement opportunity and only 33% thought their leadership pipeline was healthy.

“That suggests leadership development is wishful thinking for a lot of people,” says Simon Wan, Chairman and CEO of the Cornerstone International Group. “The organizations that do this well have policies and innovative strategies embedded throughout.  It has to become a cultural priority and it is hard work.”

Cornerstone International Group is a global retained search and leadership development organization in 30 countries.  It maintains head offices here in Shanghai and also in Atlanta, USA.

The survey data supporting a commitment to leadership development is also down slightly from the previous year.  Other studies have suggested that these programs may need a second look.

According to the Corporate Executive Board, the percentage of graduates from leadership programs who stay with the firm has dropped from 65-70% to below 45%.

In a 2013 study, one in five left for jobs elsewhere and the largest group decided the potential benefits were not worth the added responsibility.

The annual Cornerstone Senior Management Survey was conducted in February-March, 2014 and composition of respondents is as follows:

By market:          Latin America 41% | US and Canada 38% | EMEA 33% | Asia-Pac 12%

By revenue:         Under $50M 34% | $50-$500M 25% | $500M-$1B 10% | Over $1B 31%

 

To download the survey report or for information on Cornerstone International Group, visit the website at www.cornerstone-group.com.

 

For Information:

James Ng

james-ng@cornerstone-group.com

 

Simon Wan

simon-wan@cornerstone-group.com

4
SHARES
LinkedinFacebookTweetShareEmailPrint

Filed Under: Press Releases

Reader Interactions

Leave a Reply Cancel reply

Primary Sidebar

  • News
    • Blog
    • National Outlooks
    • Press Releases
    • Newsletters
    • Surveys
    • Articles of Interest
    • Whitepapers
    • Videos

Get Latest Posts and Stay Informed

Our thought leaders share their industry knowledge and expertise.
  • This field is for validation purposes and should be left unchanged.

Recent News

  • PRESS RELEASE: Cornerstone International Group Recognized as a Global Leader in Executive Talent Search June 21, 2022
  • The Cornerstone Eagle – June 2022 – Impactful Leadership June 17, 2022
  • Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment June 2, 2022

News / Blog Archives

Footer

Areas of Specialization

  • by Industry
    • Life Science & Health
    • Financial Services PE & Family Office
    • Industrial
    • Consumer
    • Technology
    • Private Equity
    • Infrastructure & EPC
  • by Function
    • Board Directors & CEO
    • Human Resources
    • Finance and Legal
    • Agile Talent
    • Sales & Marketing
    • Operations & Supply Chain

Quick Browse

  • Find an Office
  • Find a Consultant
  • Find a Coach

Services

  • Retained Executive Search
  • Board & CEO Advisory
  • Executive Coaching

About Us

  • About Cornerstone
  • The Cornerstone Edge
  • Join Cornerstone

Switch Language

Connect with Cornerstone

Copyright © 2022 · Cornerstone International Group · Sitemap

Website Development by LimeCuda

Member-Only Portal