Tuesday, January 25, 2011

E&Y CEO on what makes global leaders successful

January 23, 2011, 8:00 pm

Many corporate leaders believe diversity helps their global organizations, but too few of them actually put those beliefs into action by including foreign executives in their management teams.
By James S. Turley, CEO, Ernst & Young

The World Economic Forum put talk of diversity -- of which there is much in global organizations -- into action this year by requiring its strategic partners to bring at least one female member in their five person delegation to Davos. Certainly this was a large step in the right direction to strengthen our global conversations with new voices that may have been overlooked in the past.
Those of us in the private sector might do well to consider similarly proactive paths to generate inclusive outcomes that bridge not only gender issues, but geographical and cultural differences as well. The rise of emerging markets has created a business environment where growth and innovation can come from anywhere, which means that strong leaders must be open to ideas from everywhere. But a new study conducted by Ernst & Young shows the majority of companies struggle to put their beliefs into action.

Full Story: http://features.blogs.fortune.cnn.com/2011/01/23/ey-ceo-on-what-makes-global-leaders-successful/

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