Survey by BTS and The Conference Board Also Reveals that over 71% See Lack of Understanding, Commitment and Skills as Biggest Threats to Strategy Execution
NEW YORK, NY – BTS USA, the global leader in strategy alignment and execution, and The Conference Board, today announced the results of a strategy and leadership development survey completed at the Leadership Development Conference held May 4-5 at the Waldorf Astoria Hotel in New York. 82% of attendees indicated that their leadership development budgets either increased (42%) or stayed the same (39%) from 2010 to 2011, with only 18% indicating that their budgets had decreased. 71% of survey respondents also considered the biggest threats to strategy execution to be lack of understanding, lack of commitment, and lack of skills.
The survey was completed by 85 attendees at the conference. Among the other significant responses:
- 60% agreed that their organization allocated the necessary resources to ensure that managers develop the capabilities required to achieve business goals/ results
- Only 8% thought the typical business leader is well prepared or very well prepared, compared with 47% "somewhat well prepared" and 45% "not well prepared"
- "Leaders lacking the right skills to execute strategy" was named as the leading threat to successful strategy execution, at 34%, with 21% each indicating that "staff is not committed to strategy" and "poor systems to monitor performance and results"
"The results demonstrate that organizations are continuing to invest in leadership development and that, although most leaders are committed to a strategy, they may not have the right skills to execute it," said Rommin Adl, executive vice president, BTS. "This squares with what we are seeing in the marketplace, along with a trend toward more resources devoted to leadership development and to skills required specifically for strategy attainment."
- Click here to view
the complete survey results
The Conference Board Leadership Development Conference was kicked off by an interactive session co-led by Jim Bowles, managing director of BTS's Leadership and Management Practice. The interactive session, "Mapping Our Way Forward: Decoding the Leadership Essentials for 2020," will also be presented at the next Conference Board Leadership Development Conference, on June 8-9 at the Coronado Island Marriott in San Diego.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Their mission is: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. Click here for more information on the Conference Board's 2011 Leadership and Development Conference.
BTS - Jessica Bower, 203-391-5272, firstname.lastname@example.org
Activa PR for BTS – Emma Rosen: 415-385-2843, email@example.com