Developing talent

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Chapter 8 in The Global Challenge, 2023, pp 245-277 from Edward Elgar Publishing

Abstract: The quality of current and future leadership is invariably an area of top management concern at global companies like KONE. Moreover, multinational firms need to invest in the broader upskilling in the workforce to respond to the competence gaps created by digitalization and related changes in the strategy of the corporation. In this chapter, we start by discussing leadership in the context of the multinational firm, highlighting the challenges in identifying potential leaders, such as understanding leadership behavior across countries and defining the required global leadership competencies. We then explore the dilemmas inherent in leadership development practices. Subsequently we examine the development of the workforce more generally to cope with technological changes and shifts in corporate strategy. The chapter concludes with a discussion on what multinationals can do to enhance the engagement of their employees and to improve retention rates.

Keywords: Business and Management; Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
Date: 2023
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