Global Leadership: The Next Generation

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Overview

Based on the findings of a multi-year study sponsored by the Accenture Institute for Strategic Change, Global Leadership: The Next Generation systematically identifies what tomorrow's global leaders will need to know, do, and believe -- and shows emerging leaders how to deepen the skills and values they'll need to succeed at the highest levels. World-renowned executive coach Marshall Goldsmith and co-authors Cathy L. Greenberg, Alastair Robertson, and Maya Hu-Chan uncover tomorrow's new "factors of leadership": global thinking, appreciation of diversity, technological savvy, willingness to partner, and openness to sharing leadership.
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Product Details

  • ISBN-13: 9780131402430
  • Publisher: FT Press
  • Publication date: 5/1/2003
  • Series: Financial Times Prentice Hall Books
  • Pages: 384
  • Sales rank: 625,336
  • Product dimensions: 6.12 (w) x 9.12 (h) x 0.87 (d)

Meet the Author

Marshall Goldsmith is one of the world's foremost authorities in helping leaders achieve positive, measurable change. Ranked a Wall Street Journal "Top 10" executive development consultant and profiled by The New Yorker, he is one of an elite few that has worked with over 50 CEOs. He co-founded the Alliance for Strategic Leadership, a leading US provider of customized leadership development, and designed the Leader of the Future Process for developing leaders consistent with an organization's vision and values. He co-edited The Leader of the Future, The Organization of the Future and The Community of the Future; and authored The Many Facets of Leadership (Financial Times Prentice Hall).

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Read an Excerpt

Global Leadership: The Next Generation is a summary of two years of knowledge acquisition, research, and interviews sponsored by Accenture and concluded in partnership with Marshall Goldsmith and his colleagues in the Alliance for Strategic Leadership. This book also builds upon valuable contributions by Warren Bennis and John O'Neil.

This book is unique. Instead of interviewing current CEOs and executives (who will not be running the organizations of the future), we interviewed future CEOs and executives who will be running the organizations of the future. What lies within these pages is written from the point of view of the next generation of global leaders. Accenture sponsored thought leader panels and focus and dialogue groups with high-potential leaders from around the world. In addition to these groups, more than 200 specially selected high-potential leaders from 120 international companies were interviewed in great depth. Since each company could nominate no more than two future leaders, these were some of the highest potential leaders in the world! Over three-fifths of these future leaders were under the age of 40, and more than a third were in their 20s. It is from research that the Global Leader of the Future Inventory, the basis for the chapters and sections of this book, was developed.Leadership Can Be Learned

There has been an unprecedented surge of interest in business leadership in recent years, particularly in the qualities that the effective leader should possess now and in the future. With the shape of companies and the style of operation changing so fast, there is a natural concern that current leadership standards and styles are not keepingpace and will be still further behind in years to come. In markets of all sorts, leadership is getting tougher, particularly at the top: corporations grow in size and complexity; competition becomes ever sharper and stakeholders, more demanding.

Perhaps in consequence, leaders are staying in the top jobs for shorter and shorter periods. In some sectors, average tenures have halved over the past decade, perhaps due to stress, challenges, politics, health, or other reasons.

In the business context, the interaction between leader and led makes each combination unique. A simplistic, one-size-fits-all prescription can sometimes be valueless. But leadership can be learned, so we decided to conduct wide-ranging research to identify the many competencies, values, and characteristics that leaders and potential leaders must develop to meet not just present challenges, but the rather larger ones posed by the far-reaching changes expected in future corporate structures. Development lead times imply that companies must start the process right now if they are to be successful in developing the next generation of global leaders.

Many factors are transforming the context of leadership today: globalization and technological change lead to heightened competition, which in turn leads to new organizational models. Boundary integration, the result of alliances and mergers, technology, and globalization, as well as the emergence of a knowledge-based workforce so varied and different from its predecessors, place a relentless emphasis on innovation, adaptability, and collaboration. Information technology offers new working practices, but demands new strategies. These chaotic changes are leading to an ever-more complex business environment, full of leadership challenges.

Because no individual is likely to embody all of the needed and critical capabilities, and because the very nature of business organization—merged, allianced, outsourced, and virtual—is beginning to dictate it, shared leadership is expected to gain preeminence as the operating model of the future. In the future, there will be fewer "all-knowing" CEOs; instead, leadership will be widely shared in executive teams. New demands for collective responsibility and accountability for results will emerge, as will new competencies for sharing leadership. The sheer number of alliances and networks means that more than one person will lead these structures.

Effective leadership will be key to sustained business success. Current leaders are rightly concerned by their challenge in recruiting, training, and developing the leaders who will be needed in the future. The future leaders in our study see the value of these new competencies and are willing to have their performance measured by them. If future leaders have the wisdom to learn from the experience of present leaders, and if present leaders have the wisdom to learn new competencies from future leaders, both can share leadership in a way that ultimately benefits their organization.Using This BookThe Chapters

Each chapter of this book offers a description of one of the 15 dimensions of the effective global leader, as well as a resource section that includes action steps, additional resources, and suggested reading materials. The chapter text offers the authors' insights into the dimensions of leadership, as well as supportive quotes from our interviews, conducted by Maya Hu-Chan and Jeremy Solomons, with more than 200 high-potential leaders from 120 companies and organizations around the world. To protect the interviewees' anonymity, we have not used any names; however, we have included each respondent's industry, age, and country of employment and origin. (Please see Appendix B for a list of the interview questions.)

The resource section at the end of each chapter (signified by a gray bar at the side of the page) is designed to help you improve as a leader. To use the resource sections, follow the steps outlined below:

  1. Identify several items to improve upon from the Global Leader of the Future Inventory.
  2. Find these areas and specific items in the Table of Contents.
  3. Turn to the page(s) you identified in the Table of Contents and review the information for suggested actions, additional resources, and readings.
  4. Reflect on who in your environment may have the qualities and characteristics you have selected as items to improve upon from your list. Keep track of who these people are for future networking.
Focus only on those areas that you choose to improve upon. This will result in the most effective use of this resource section. Use the information to help you develop an action plan for improved performance. The information for each leadership dimension item is organized into six sections:
  1. What to do: This section includes a list of actions you can take to improve the way you demonstrate and convey the desired global leadership qualities. If you like an action but have a hard time picturing how you would implement it, see the next section.
  2. How to do it: This section includes suggestions that specifically describe the behaviors, attitudes, and actions that better demonstrate global values of leadership. You are encouraged to read the entire list. After reading the entire list, if you do not find an action that suits you, then research the cross-reference items.
  3. How to use this skill further: This section includes suggestions for actions you can take to augment your efforts to improve your behavior or to capitalize on the strengths you already have in this particular skill. Suggestions from this section are not limited to the workplace. You can apply these suggestions to your life outside the office to enhance a particular skill.
  4. Results you can expect: This section provides suggested specific results that may occur upon improving your performance.
  5. Readings: The reading lists include classic masterpieces, top-weighted management resources, cutting-edge resource books that illustrate the most up-to-date leadership issues, and other helpful management tools to improve your skills. We chose materials and resources that have excellent professional and reader reviews, and we attempted to get multiple perspectives on each topic.
  6. Related items: This section lists related items within the book that you can cross-reference with the current item number to gain the greatest benefit.
  7. Networking: Refer to your list of potential leadership partners to continue your own efforts to capitalize on the strength of shared leadership models.
The Global Leader of the Future Inventory and Interview Questions

The Global Leader of the Future Inventory, included as an assessment tool, has been developed based on the further involvement of A4SL (Alliance for Strategic Leadership), Marshall Goldsmith, and Kim Jackson. The inventory as well as the interview questions used in our research phase to initiate discussions of leadership and to measure perceptions of the criticality and importance of selected global leadership dimensions for the past, present, and future have been revamped for use as assessment tools by the readers of this book. You will find the interview questions and inventory in Appendixes B and C respectively. Use these tools to determine areas in which you might improve, or use them in a group or team to assess areas for development. Use the chapters for their in-depth description of leadership qualities and characteristics and how to achieve effective leadership. If you are interested in using this survey on its own or as part of a larger leadership development program, visit the Forum Corporation web site (<http://www.Forum.com>) or contact one of the following Forum offices for assistance:

  • In the United States, Canada, and South America: 1-800-Forum11 (367-8611)
  • In Europe and the Middle East: +44-0-20-7010-2600
  • In Asia and the Far East: 852-2810-7071
Summary

Our research findings show that the 15 dimensions of leadership will be key for the effective global leader of the future. No one leader can be expected to excel in every dimension. This leads us to the conclusion that shared leadership across a team of leaders may be the standard mode of operation in which excellent global companies do business in the future. This theme will be consistently repeated and reinforced in many of the chapters of this book.

The Forum Corporation is a pioneer in the use of 360-degree feedback. Forum, with 700 professionals worldwide, is a global leader in workplace learning. As the corporate learning arm of Pearson plc, Forum partners with the world's leading companies to help them implement strategy, solve problems, and perform better. Forum consultants are recognized experts in leadership development, branding the customer experience, building world-class sales teams, and creating blended learning solutions.

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Table of Contents

Foreword xxi
Preface xxiii
Acknowledgments xxv
About the Authors xxvii
Introduction xxxi
Chapter 1 Emerging Trends for Global Leaders 1
Five Emerging Characteristics of Global Leaders 1
Thinking Globally 2
Appreciating Cultural Diversity 2
Developing Technological Savvy 3
Building Partnerships and Alliances 3
Sharing Leadership 4
Summary 5
Chapter 2 Thinking Globally 7
The Impact of Globalization 8
A World of Approaches 10
Gaining Experience 11
Think Globally, Act Locally 12
A Global Village 13
Conclusion 14
Resource Section: Thinking Globally 17
Endnotes 26
Chapter 3 Appreciating Diversity 27
The Value of Diversity 28
Diversity Training and Development 28
Embracing Ideas and Perspectives 30
Motivating People 32
Guidelines for Leading a Multigenerational Corporation 35
Teaching the Value of Diversity 38
Conclusion 39
Resource Section: Appreciating Diversity 40
Endnotes 49
Chapter 4 Developing Technological Savvy 51
Succeeding in Tomorrow's World 52
Recruiting Experts 55
Increasing Productivity 56
Conclusion 58
Resource Section: Developing Technological Savvy 59
Endnotes 65
Chapter 5 Building Partnerships 67
Creating Trust 68
Keeping It Positive 69
Forging Partnerships and Alliances across the Company 70
Partnering with Direct Reports 70
Partnering with Coworkers 70
Partnering with Managers 71
Building Teams 72
Creating Networks Outside the Organization 74
Partnering with Customers 75
Partnering with Suppliers 75
Partnering with Competitors 76
Conclusion 78
Resource Section: Building Partnerships 81
Endnotes 93
Chapter 6 Sharing Leadership 95
Partnerships and Mergers 95
Maximizing Talent 96
The Value of Collaboration 98
Fostering a Team Environment 99
Conclusion 101
Resource Section: Sharing Leadership 103
Endnotes 110
Chapter 7 Creating a Shared Vision 111
Creating a Vision 111
Getting Input from Others 113
Creating Momentum and Inspiring Others 115
Supporting the Vision with Strategy 118
Defining Roles and Priorities 118
Conclusion 119
Resource Section: Creating a Shared Vision 121
Endnotes 129
Chapter 8 Developing People 131
A Strategy for Developing and Retaining High-Impact Performers 133
Show respect and dignity 133
Create a thriving environment 134
Provide training 135
Be a coach 138
Provide feedback 139
Reward and recognize others' achievements 140
Conclusion 142
Resource Section: Developing People 143
Endnotes 154
Chapter 9 Empowering People 157
Builds People's Confidence 158
Taking Risks; Giving Freedom 159
Developing Each Individual's Decision-Making Capabilities 160
Energizing people with Opportunity, Responsibility, and accountability 160
Creating a team of Competent Individuals Who Can Handle Company and Industry Challenges More Quickly and with Greater Success 161
Hoarding Power Versus Encouraging Achievement 162
What Drives You? 163
Conclusion 164
Resource Section: Empowering People 166
Endnotes 173
Chapter 10 Achieving Personal Mastery 175
Self-Awareness: The Mark of a Great Leader 175
Inside-out Leadership 177
Changing the Leadership Tradition 179
The Power of Congruency 181
Conclusion 184
Resource Section: Achieving Personal Mastery 188
Endnotes 197
Chapter 11 Encouraging Constructive Dialogue 199
Learning to Ask 200
Listening with an Open Mind 201
Accepting Constructive Feedback 201
Putting Yourself in Someone Else's Shoes 202
Welcoming New Ideas 203
Conclusion 204
Resource Section: Encouraging Constructive Dialogue 205
Endnotes 215
Chapter 12 Demonstrating Integrity 217
Personal Values 217
Organizational Values 218
Avoids Political or Self-Serving Behavior 219
Stand Up, Speak Up 219
Lives the Values 220
Conclusion 220
Resource Section: Demonstrating Integrity 221
Endnotes 229
Chapter 13 Leading Change 231
Change Is an Opportunity 232
Leadership Versus Management: Challenging the Status Quo 233
Flexibility 235
Encouraging Creativity 237
Translating Ideas into Results 238
Conclusion 238
Resource Section: Leading Change 240
Endnotes 250
Chapter 14 Anticipating Opportunities 251
Investigating Future Trends 252
Anticipating Future Opportunities 253
Looking to the Future 254
Develops Ideas to Meet the Needs of the New Environment 254
Conclusion 255
Resource Section: Anticipating Opportunities 257
Endnotes 265
Chapter 15 Ensuring Customer Satisfaction 267
Raising the Bar 267
Changing With the Customer 269
Customer Input 270
Keeping Commitments 272
Understanding the Competition 272
Conclusion 273
Resource Section: Ensuring Customer Satifaction 275
Endnotes 285
Chapter 16 Maintaining a Competitive Advantage 287
Performance: Faster, Better 287
Intellectual Capital 289
Eliminate Waste and Unnecessary Cost 290
Provide Great Products and Services 292
Achieving Long-Term Shareholder Value 293
Conclusion 293
Resource Section: Maintaining a Competitive Advantage 295
Endnotes 304
Conclusion Using This Book to Help Develop Yourself as a Leader 307
Using This Book to Help Develop Your Team 308
Global Leadership: The Next Generation 308
Appendix A Research Methodology for the Global Leader of the Future Project 311
Phases of Knowledge Development 311
Phase 1 Assess 311
Phase 2 Generate 312
Phase 3 Embed 313
Phase 4 Transfer 313
Research Plan and Methods 313
1. Thought Leader Panels 313
2. Focus/Dialogue Groups 315
3. Interviews 315
Quantitative Survey Questionnaire 317
Profile of the Global Leader of the Future 318
Global Leader of the Future Profile Trends 318
Differences by Time Period 320
Item Analysis by Time 320
Appendix B The Global Leader of the Future Interview Questions 323
Personal Leadership Skills 323
Team Leadership Skills 324
Strategic Leadership Skills 325
Appendix C The Global Leader of the Future Survey 327
Instructions for Completing the Inventory 327
Global Leader of the Future Inventory: 360-Degree Feedback Assessment 328
Appendix D Statistical Methods 335
Summary 336
Bibliography 337
Books 337
Journals and Magazines 340
Newspapers 342
Studies 342
Websites 343
Index 345
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Preface

Global Leadership: The Next Generation is a summary of two years of knowledge acquisition, research, and interviews sponsored by Accenture and concluded in partnership with Marshall Goldsmith and his colleagues in the Alliance for Strategic Leadership. This book also builds upon valuable contributions by Warren Bennis and John O'Neil.

This book is unique. Instead of interviewing current CEOs and executives (who will not be running the organizations of the future), we interviewed future CEOs and executives who will be running the organizations of the future. What lies within these pages is written from the point of view of the next generation of global leaders. Accenture sponsored thought leader panels and focus and dialogue groups with high-potential leaders from around the world. In addition to these groups, more than 200 specially selected high-potential leaders from 120 international companies were interviewed in great depth. Since each company could nominate no more than two future leaders, these were some of the highest potential leaders in the world! Over three-fifths of these future leaders were under the age of 40, and more than a third were in their 20s. It is from research that the Global Leader of the Future Inventory, the basis for the chapters and sections of this book, was developed.

Leadership Can Be Learned

There has been an unprecedented surge of interest in business leadership in recent years, particularly in the qualities that the effective leader should possess now and in the future. With the shape of companies and the style of operation changing so fast, there is a natural concern that current leadership standards and styles are not keeping pace and will be still further behind in years to come. In markets of all sorts, leadership is getting tougher, particularly at the top: corporations grow in size and complexity; competition becomes ever sharper and stakeholders, more demanding.

Perhaps in consequence, leaders are staying in the top jobs for shorter and shorter periods. In some sectors, average tenures have halved over the past decade, perhaps due to stress, challenges, politics, health, or other reasons.

In the business context, the interaction between leader and led makes each combination unique. A simplistic, one-size-fits-all prescription can sometimes be valueless. But leadership can be learned, so we decided to conduct wide-ranging research to identify the many competencies, values, and characteristics that leaders and potential leaders must develop to meet not just present challenges, but the rather larger ones posed by the far-reaching changes expected in future corporate structures. Development lead times imply that companies must start the process right now if they are to be successful in developing the next generation of global leaders.

Many factors are transforming the context of leadership today: globalization and technological change lead to heightened competition, which in turn leads to new organizational models. Boundary integration, the result of alliances and mergers, technology, and globalization, as well as the emergence of a knowledge-based workforce so varied and different from its predecessors, place a relentless emphasis on innovation, adaptability, and collaboration. Information technology offers new working practices, but demands new strategies. These chaotic changes are leading to an ever-more complex business environment, full of leadership challenges.

Because no individual is likely to embody all of the needed and critical capabilities, and because the very nature of business organization--merged, allianced, outsourced, and virtual--is beginning to dictate it, shared leadership is expected to gain preeminence as the operating model of the future. In the future, there will be fewer "all-knowing" CEOs; instead, leadership will be widely shared in executive teams. New demands for collective responsibility and accountability for results will emerge, as will new competencies for sharing leadership. The sheer number of alliances and networks means that more than one person will lead these structures.

Effective leadership will be key to sustained business success. Current leaders are rightly concerned by their challenge in recruiting, training, and developing the leaders who will be needed in the future. The future leaders in our study see the value of these new competencies and are willing to have their performance measured by them. If future leaders have the wisdom to learn from the experience of present leaders, and if present leaders have the wisdom to learn new competencies from future leaders, both can share leadership in a way that ultimately benefits their organization.

Using This BookThe Chapters

Each chapter of this book offers a description of one of the 15 dimensions of the effective global leader, as well as a resource section that includes action steps, additional resources, and suggested reading materials. The chapter text offers the authors' insights into the dimensions of leadership, as well as supportive quotes from our interviews, conducted by Maya Hu-Chan and Jeremy Solomons, with more than 200 high-potential leaders from 120 companies and organizations around the world. To protect the interviewees' anonymity, we have not used any names; however, we have included each respondent's industry, age, and country of employment and origin. (Please see Appendix B for a list of the interview questions.)

The resource section at the end of each chapter (signified by a gray bar at the side of the page) is designed to help you improve as a leader. To use the resource sections, follow the steps outlined below:

  1. Identify several items to improve upon from the Global Leader of the Future Inventory.
  2. Find these areas and specific items in the Table of Contents.
  3. Turn to the page(s) you identified in the Table of Contents and review the information for suggested actions, additional resources, and readings.
  4. Reflect on who in your environment may have the qualities and characteristics you have selected as items to improve upon from your list. Keep track of who these people are for future networking.
Focus only on those areas that you choose to improve upon. This will result in the most effective use of this resource section. Use the information to help you develop an action plan for improved performance. The information for each leadership dimension item is organized into six sections:
  1. What to do: This section includes a list of actions you can take to improve the way you demonstrate and convey the desired global leadership qualities. If you like an action but have a hard time picturing how you would implement it, see the next section.
  2. How to do it: This section includes suggestions that specifically describe the behaviors, attitudes, and actions that better demonstrate global values of leadership. You are encouraged to read the entire list. After reading the entire list, if you do not find an action that suits you, then research the cross-reference items.
  3. How to use this skill further: This section includes suggestions for actions you can take to augment your efforts to improve your behavior or to capitalize on the strengths you already have in this particular skill. Suggestions from this section are not limited to the workplace. You can apply these suggestions to your life outside the office to enhance a particular skill.
  4. Results you can expect: This section provides suggested specific results that may occur upon improving your performance.
  5. Readings: The reading lists include classic masterpieces, top-weighted management resources, cutting-edge resource books that illustrate the most up-to-date leadership issues, and other helpful management tools to improve your skills. We chose materials and resources that have excellent professional and reader reviews, and we attempted to get multiple perspectives on each topic.
  6. Related items: This section lists related items within the book that you can cross-reference with the current item number to gain the greatest benefit.
  7. Networking: Refer to your list of potential leadership partners to continue your own efforts to capitalize on the strength of shared leadership models.
The Global Leader of the Future Inventory and Interview Questions

The Global Leader of the Future Inventory, included as an assessment tool, has been developed based on the further involvement of A4SL (Alliance for Strategic Leadership), Marshall Goldsmith, and Kim Jackson. The inventory as well as the interview questions used in our research phase to initiate discussions of leadership and to measure perceptions of the criticality and importance of selected global leadership dimensions for the past, present, and future have been revamped for use as assessment tools by the readers of this book. You will find the interview questions and inventory in Appendixes B and C respectively. Use these tools to determine areas in which you might improve, or use them in a group or team to assess areas for development. Use the chapters for their in-depth description of leadership qualities and characteristics and how to achieve effective leadership. If you are interested in using this survey on its own or as part of a larger leadership development program, visit the Forum Corporation web site (<http://www.Forum.com>) or contact one of the following Forum offices for assistance:

  • In the United States, Canada, and South America: 1-800-Forum11 (367-8611)
  • In Europe and the Middle East: +44-0-20-7010-2600
  • In Asia and the Far East: 852-2810-7071
Summary

Our research findings show that the 15 dimensions of leadership will be key for the effective global leader of the future. No one leader can be expected to excel in every dimension. This leads us to the conclusion that shared leadership across a team of leaders may be the standard mode of operation in which excellent global companies do business in the future. This theme will be consistently repeated and reinforced in many of the chapters of this book.

The Forum Corporation is a pioneer in the use of 360-degree feedback. Forum, with 700 professionals worldwide, is a global leader in workplace learning. As the corporate learning arm of Pearson plc, Forum partners with the world's leading companies to help them implement strategy, solve problems, and perform better. Forum consultants are recognized experts in leadership development, branding the customer experience, building world-class sales teams, and creating blended learning solutions.

Read More Show Less

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  • Posted September 2, 2011

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    Highly Recommended

    I highly recommend this book to all leaders. It discusses all the skills needed to become an effective Global Leader.

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