Nurturing Leaders

Manufacturers lead in developing future top executives

From Industry Week - by Jill Jusko June 1, 2005

While General Electric Co. is widely known as a company that focuses on developing its next generation of leaders, new research shows that manufacturers as a group lead the pack in developing head honchos.

Fourteen of the firms recently selected as the Top 20 U.S. Companies for Leaders, and eight of the top 10, are manufacturing companies. General Electric is No. 2. The Top Companies research, sponsored by consulting firm Hewitt Associates and The Human Resource Planning Society, showed that these 20 companies showed more rigor in developing leaders than the other 353 firms examined.

For example, all of the Top 20 companies focus on developing leaders and have CEOs who are actively involved in the process. Less than 60% of the other companies focus on leadership development and 65% of their CEOs participate in the process.

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