Stevens' survey finds global companies lack strong leadership

February 12, 2008

HOBOKEN, N.J. - In a just-completed survey of Fortune 500 companies operating in accelerating economies - Brazil, Russia, India, and China (the so-called "BRIC" countries) - a team at Stevens Institute of Technology has found that continued, accelerated corporate growth may be hampered by insufficiently trained technical personnel failing to meet international standards.

"International companies in China and elsewhere must recognize that selection, retention, and development are interrelated," said Stevens Professor Richard Reilly. "Otherwise, accelerated growth experienced recently may be faced soon with a technical talent wall." Reilly, who headed the Stevens team, collaborated with Peter Dominick and Michael Ryan of Stevens' Howe School of Technology Management.

Respondents said that leadership programs in these countries were mostly informal, often mimicking those at headquarters. Technical leadership in emerging markets, they claim, is largely pursued passively, without global or local support.

The Stevens survey also discovered frequent conflict between local and headquarters management, with emerging executives often given insufficient latitude to operate independently in their own markets.

The study revealed that international companies are loosing new hires at an alarming rate in China and elsewhere. Employees are departing for many reasons; some claim that chief among them is that global companies often do not pay enough attention to the cultural needs of local staff, nor do they provide sufficient training or motivation to retain them.

The survey of about a dozen global companies operating in accelerated economies was conducted as part of the newly launched Stevens Institute for Technical Leadership. The Institute offers a certification program to employees worldwide as well as assessment, feedback, and coaching for technical staff.
-end-
Stevens offers management and technical degrees in Beijing in collaboration with two leading Chinese universities, Beijing Institute of Technology and Central University of Finance and Economics. These graduate programs were awarded the prestigious Sloan Foundation teaching and learning prize last fall. Stevens also provides Leadership development and consulting to multinational firms in China.



About Stevens Institute of Technology


Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value. Stevens offers baccalaureates, master's and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,040 undergraduate and 3,085 graduate students, and a worldwide online enrollment of 2,250, with about 400 full-time faculty. Stevens' graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.

For the latest news about Stevens, please visit www.StevensNewsService.com.

Stevens Institute of Technology

Related Technology Articles from Brightsurf:

December issue SLAS Technology features 'advances in technology to address COVID-19'
The December issue of SLAS Technology is a special collection featuring the cover article, ''Advances in Technology to Address COVID-19'' by editors Edward Kai-Hua Chow, Ph.D., (National University of Singapore), Pak Kin Wong, Ph.D., (The Pennsylvania State University, PA, USA) and Xianting Ding, Ph.D., (Shanghai Jiao Tong University, Shanghai, China).

October issue SLAS Technology now available
The October issue of SLAS Technology features the cover article, 'Role of Digital Microfl-uidics in Enabling Access to Laboratory Automation and Making Biology Programmable' by Varun B.

Robot technology for everyone or only for the average person?
Robot technology is being used more and more in health rehabilitation and in working life.

Novel biomarker technology for cancer diagnostics
A new way of identifying cancer biomarkers has been developed by researchers at Lund University in Sweden.

Technology innovation for neurology
TU Graz researcher Francesco Greco has developed ultra-light tattoo electrodes that are hardly noticeable on the skin and make long-term measurements of brain activity cheaper and easier.

April's SLAS Technology is now available
April's Edition of SLAS Technology Features Cover Article, 'CURATE.AI: Optimizing Personalized Medicine with Artificial Intelligence'.

Technology in higher education: learning with it instead of from it
Technology has shifted the way that professors teach students in higher education.

Post-lithium technology
Next-generation batteries will probably see the replacement of lithium ions by more abundant and environmentally benign alkali metal or multivalent ions.

Rethinking the role of technology in the classroom
Introducing tablets and laptops to the classroom has certain educational virtues, according to Annahita Ball, an assistant professor in the University at Buffalo School of Social Work, but her research suggests that tech has its limitations as well.

The science and technology of FAST
The Five hundred-meter Aperture Spherical radio Telescope (FAST), located in a radio quiet zone, with the targets (e.g., radio pulsars and neutron stars, galactic and extragalactic 21-cm HI emission).

Read More: Technology News and Technology Current Events
Brightsurf.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.