Two-thirds of British businesses are suffering from a shortage of effective leaders who can manage on a global stage, a new study has suggested.
The research, argued the Chartered Institute of Personnel and Development, means multinationals face a major challenge in finding capable individuals to lead their businesses across a range of countries and cultures.
In an effort to help businesses, the institute has published guidance, entitled International Management Development, to help organisations attract and retain talented individuals and nurture them into successful leaders.
The case study-led guide has been created to focus multinationals on the issues they face in this area, the growing challenges and how they might overcome them.
Key concerns facing multi-nationals include a lack of local manager buy-in, something that could cause employers to lose high performers to competitors, warned the CIPD.
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