Executive Team Skills Questioned

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    Three-quarters of corporate executives question whether their senior executive teams possess the appropriate mix of skills to generate growth for their companies in 2012 and seek out new global opportunities, says a survey by The Korn/Ferry Institute. It also found 52 per cent of executive respondents say their companies need to acquire at least a modicum of new talent or invest in more talent development efforts for their executives. About 23 per cent go further, saying that their companies need an overhaul in senior talent. When it comes to succession planning, nearly half (45 per cent) report their companies are committed to building a robust internal talent pipeline and identifying high-potential talent deep into their organizations. But 37 per cent believe there’s neither rhyme nor reason to executive appointments and promotions.