Increasingly, supply chain professionals have a place at the corporate table during critical strategic discussions. It's important, then, to make sure that supply chain professionals are fully trained and up for the task of leadership.
Unfortunately, many of today's supply chain professionals haven't been sufficiently trained for the task, a recent study by the American Productivity and Quality Center (APQC) found. The APQC surveyed 547 professionals for THEaster Consulting. Four out of five respondents said today's business challenges require a different sort of leadership style. However, only one in five said their organization's leadership practices are very effective. Worse, about half said their organizations put little or no emphasis on leadership development.
Elissa Tucker, human capital management research program manager for the APQC said in a press release:
In this study, we found that leadership deficiencies are big and there are many of them, largely because leadership development is underfunded, outdated, and resisted. These findings suggest that organizations may need to adopt a number of cultural changes and revise human resource policies and practices to help alleviate the leadership skills shortage.
According to the study, the largest skills gaps were associated with:
- Unpredictable events
- Reduced employee tenure
- An aging work force
- The emergence of Generation Y/millennials in the work force
The most successful organizations have embraced a number of shared practices, including developing leadership skills in all employees, developing a leadership competency model, sending promising employees to leadership development programs, and creating a compensation model that rewards performance.
The infographic below outlines some of the study's other findings. What has been your experience in this area? How does your organization measure up in terms of its leadership development?