IMD-4-0304 © 2010
Kohlrieser, George; Szekely, Francisco; Nedopil, Christoph
The intention behind the meeting was to discuss the GLC’s involvement in the new talent swap system. The ability swap system was an ambitious and groundbreaking scheme formulated in 2007 to cultivate managerial talent within Malaysia’s GLCs in a manner that is advanced and fast. There were 20 vital GLCs in Malaysia – frequently known as the G20. Most of them were recorded on the Malaysian stock exchange and all were viewed as strategic to Malaysia’s long-term economic interests.
The plan called upon participating GLCs to briefly change their most promising rising-star managers. By exposing these supervisors to alternative jobs and best practices in different businesses, the scheme would accelerate the development of their leadership abilities and talents in an unique technique. Never in precedence had this been challenged neither among businesses operating in different sectors nor adversaries within precisely the same business. Six companies from the G20 had consented to participate in the plan. The CEO whom Kamal was about to meet had hitherto been hesitant to implement this new ability development plan. Learning objectives: To illustrate in a real situation the essential elements of High Performance Direction and how leaders can manage hazards in a responsible manner.
Subjects: Leadership; High performance; Talent development; Talent exchange
Settings: Malaysia ; Finance; Banking ; KNB holds stakes in more than 50 companies with assets valued in excess of USD25 billion ; 2007-2010
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