The Asian Pacific region is brimming with developing leaders capable of changing the economic landscape according to Franklin Covey, a consultancy firm based in the US. India in particular is emerging with potential corporate leaders.

By focusing more on creating a knowledge-based corporate environment instead of sticking to the traditional industrial age model, the corporate world has initiated the need to employ a people-centric type of model in order to maintain the loyalty of customers as well as good relations with employees.

According to Franklin Covey’s findings, less than 20% of employees in various companies are aware of the company’s goals. Therefore, it becomes the responsibility of the company itself to reiterate their main goals and strategies among its employees.

Several Indian blue chip companies such as Mahindra and Mahindra have adopted a new corporate model known as the “Execution Practice.” The company, which has adopted the new corporate model since the recessionary period, is starting to reap the benefits of the practice.

Aside from implementing the new model, the Indian company also has an advantage due to its region’s large pool of human resources. Apart from having a large pool of highly qualified people, the country’s inclusion of women in its corporate world has given it a general advantage in the field.

Post Author: guest

This entry was posted on Wednesday, July 28th, 2010 at 1:12 pm and is filed under Corporate News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.