What are Best Practices to Define a Common Understanding of What is Expected of Companies' Leaders, and How is this Understanding Structured?
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Lai, Han; Manjarrez, Daniel
[Excerpt] Today, companies need to have strong and meaningful leadership drive their business. A critical component of strong leadership involves identifying the competencies and behaviors that enable leaders to succeed. This is primarily accomplished by implementing a leadership competency model (LCM), which has benefits but is often ineffectively utilized. Knowing which leadership competencies are key for global companies and how companies are implementing LCMs is critical for success in developing strong effective leaders to influence their teams and the overall business.
Human Resources; HR; competencies; leadership competency model; LCM; competitive advantage; key leadership competencies; acumen; management skills; culture; transparency; talent management; coaching; leadership competency; mentorship; mentoring; succession planning
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