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What Makes a Company Great at Producing Leaders?

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Summary

This article explored the qualities that set companies apart as top talent incubators. The authors identified four qualities that these companies have in common: they take a strategic approach to attracting, developing, and retaining talent; they heavily invest in training and development; they have strong cultures and internal operations; and they are respected in the broader environment. The example of General Electric (GE) was used to illustrate the concept of an “academy company”— an elite company that produces more talent than it holds on to, exporting effective leaders to other organizations and even industries.

Q&As

What makes a company a great talent incubator?
A great talent incubator takes a strategic approach to attracting, developing, and retaining talent, heavily invests in training and development, has strong cultures and internal operations, and is respected in the broader environment.

What qualities set top talent incubators apart?
The qualities that set top talent incubators apart are that they take a strategic approach to attracting, developing, and retaining talent, heavily invest in training and development, have strong cultures and internal operations, and are respected in the broader environment.

What is the Official Board and how was it used in the survey?
The Official Board is a firm that provides data on corporate organizational charts and executive movement. It was used in the survey to identify companies that are top talent incubators.

How do companies heavily invest in training and development?
Companies heavily invest in training and development by providing employees with opportunities to learn new skills, offering mentorship programs, and providing resources for career development.

How is GE known as an “academy company”?
GE is known as an “academy company” because it produces more talent than it holds on to, exporting effective leaders to other organizations and even industries.

AI Comments

👍 This article does a great job of providing comprehensive insights into the qualities that make a company great at producing leaders.

👎 This article fails to provide any practical steps for companies to take in order to build a successful leadership program.

AI Discussion

Me: It's about what makes a company great at producing leaders. It looks at the qualities of successful companies, such as taking a strategic approach to talent development and investing heavily in training and development. It also looks at how having a strong culture and internal operations as well as being respected in the broader environment can help a company produce great leaders.

Friend: That's really interesting! It makes sense that if a company is successful in producing leaders, it will have an advantage in the market.

Me: Absolutely. It can also have a positive impact on employee morale and retention. If a company is committed to developing its leaders, it shows that it values its employees and is willing to invest in their development. This could lead to higher job satisfaction and loyalty, which is beneficial for the company in the long run.

Action items

Research other companies that have been successful at producing leaders and identify the qualities that set them apart.
Develop a strategic approach to attracting, developing, and retaining talent.
Invest in training and development programs to ensure employees have the skills and knowledge necessary to become effective leaders.

Technical terms

Academy Company: A company that produces more talent than it holds on to, exporting effective leaders to other organizations and even industries.
Talent Incubator: A company that provides resources and support to help develop talent.
Strategic Approach: A plan of action that is designed to achieve a specific goal.
Training and Development: The process of providing employees with the knowledge, skills, and abilities they need to perform their job effectively.
Strong Culture: A set of shared values, beliefs, and behaviors that define an organization and guide its actions.
Internal Operations: The processes and procedures that an organization uses to manage its day-to-day activities.
Respected Environment: A setting in which an organization is held in high regard by its peers and the public.