Business acumen: a critical concern of modern leadership development Global trends accelerate the move away from traditional approaches

Business acumen: a critical concern of modern leadership development Global trends accelerate the... Purpose – The paper examines why leadership development needs to pay more attention to business acumen. Design/methodology/approach – The article reveals why traditional leadership‐development approaches, which rely on personality and competency assessments as the scientific core of their approach, are failing. It also highlights how powerful global economic trends such as the economic slowdown, shortages of key commodities, emerging countries that have little or no familiarity with traditional leadership approaches, and environmental cost‐benefit issues are also converging to increase the importance of business acumen in leadership‐development approaches. Findings – The author contends that research in the area of business acumen will have an increasing impact on the leadership‐development and HR agendas. Practical implications – The paper demonstrates that leadership‐development, organizational‐development and HR specialists will need rapidly to absorb these new findings and to incorporate them into their leadership development and their executive‐selection and recruitment programs. Originality/value – The article provides a convincing case for business acumen to play a more significant role in leadership development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Human Resource Management International Digest Emerald Publishing

Business acumen: a critical concern of modern leadership development Global trends accelerate the move away from traditional approaches

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
0967-0734
DOI
10.1108/09670730810900811
Publisher site
See Article on Publisher Site

Abstract

Purpose – The paper examines why leadership development needs to pay more attention to business acumen. Design/methodology/approach – The article reveals why traditional leadership‐development approaches, which rely on personality and competency assessments as the scientific core of their approach, are failing. It also highlights how powerful global economic trends such as the economic slowdown, shortages of key commodities, emerging countries that have little or no familiarity with traditional leadership approaches, and environmental cost‐benefit issues are also converging to increase the importance of business acumen in leadership‐development approaches. Findings – The author contends that research in the area of business acumen will have an increasing impact on the leadership‐development and HR agendas. Practical implications – The paper demonstrates that leadership‐development, organizational‐development and HR specialists will need rapidly to absorb these new findings and to incorporate them into their leadership development and their executive‐selection and recruitment programs. Originality/value – The article provides a convincing case for business acumen to play a more significant role in leadership development.

Journal

Human Resource Management International DigestEmerald Publishing

Published: Aug 29, 2008

Keywords: Leadership development; Management development; Business excellence; Skills training

References

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