The Insead Centre for Human Resources, a global leader for training business leaders based in the United States, has opened a branch in Abu Dhabi to help the fast-growing local market meet the demand for quality leadership in business.
Based on your global research, what are the key challenges in becoming a global leader?
My colleagues, Professors Allen Morrison and Hal Gregersen, and I recently completed a large study – 140 executives, 50 corporations – across the world to investigate what are the challenges for effective global leaders. The first thing we found was the style of leadership has changed significantly.
How can leaders in the Middle East expand their influence and take on these challenges?
Middle East leaders need to develop the same capabilities mentioned above. In addition, there are important cultural and market specific differences that local leaders carry that help in getting the balance between global integration and social understanding correct.
Why is maintaining the leadership pipeline so important?
In today’s fast-moving global business environment, effective human capital and knowledge management have moved from a ‘nice thing to do’ to a business critical task. This is particularly important in high-growth emerging markets such as the Middle East.
What types of programmes are required for the region for creating new business leaders?
In a fast growing region like the Middle East you need programmes that focus on strategic growth, leading people, global business and leading change.
The entire world is experiencing hard-hitting and high inflation. Is it due to failure on the part of decision-makers, and how can they control it?
Inflation comes when business activities are overheated. Overheating typically happens when money is too available for too long. This typically comes from interest rates that are too low or exchange rates that are not free and as a consequence certain currencies are undervalued.
How do you see inflation impacting the education process that hopes to create a new generation of leaders?
I see little impact of moderate inflation on the education process because we have had lots of periods over the past 100 years of higher inflation and even now have places of hyper inflation.
Are there any plans to further expand the presence of Insead in the region with the opening of more centres in other GCC states?
Insead has no current plans to expand in the GCC beyond Abu Dhabi Centre. In addition to leading research initiatives on various business and social innovation topics in the region, currently the centre is attracting executives from across the region with open enrolment programmes running in Abu Dhabi as well as customised programmes for corporations taking place across the GCC. The Abu Dhabi Centre is therefore a regional centre attracting executives from across the GCC and Arab world.
PROFILE: Dr Stewart Black, Executive Director, Insead Centre for Human Resources in Asia
Dr Stewart Black is associate dean for the executive development programme in the Americas and executive director of the Insead Centre for Human Resources in Asia (Ichra).
Developing the leaders of the future is key to success