At many Indian companies, the development of top management has lagged behind the pursuit of technical excellence.
BRICS – India’s corporate leadership pipeline ” “People have been so focused on growth that they have not invested in developing [the next generation of executives]. There is a strong circle of top leadership in our businesses, but no tag team.” – Recent survey data supports this claim. In a 2010 study by Harvard Business Publishing, an overwhelming 88 percent of top Indian companies cited “gaps in [their] leadership practice” as their top challenge in coming years. The 2012 ManpowerGroup Talent Shortage Survey, a global survey of employers, reported that 48 percent of respondents based in India had difficulty finding qualified candidates for their senior managerial positions. And Booz & Company (the publisher of strategy+business) forecast in a recent in-depth analysis of India’s top 500 companies that by 2017, 15 to 18 percent of leadership positions in those companies will be unfilled—or will be filled by people underprepared for the jobs. This implies that companies will be missing almost one of every five leaders they need . . . “
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