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LEADERSHIP IN
EMERGING MARKETS
Stella Sim
INTRODUCTION
Businesses are rapidly looking to the
Emerging Markets as centers for growth. So
how do we successfully lead the “new”
workforce ? How do we prepare leaders to
face workforce challenges that are still being
defined? How can we best understand the
context of leadership and prepare leaders
accordingly?
HIGHLIGHTS
Today, we will be addressing 2 topics :
1. Who is tomorrow’s
employee ?
(knowing the employees)
2. How do you prepare
yourselves as leaders for
the Emerging Markets ?
(adapting your approach)
MARKETS
are different..
PEOPLE
are different..
LEAD
differently..
HIGHLIGHTS
 What are the demographic factors shaping the workforce?
 What are the cultural factors shaping the workforce?
 What are the social factors shaping the workforce?
 What are the motivating factors behind their ambitions?
 What shaped their understanding of how an organization functions?
 Hence ..What do you need to adapt in your leadership approach?
To discoverwho the “new” workforce is and
why they are unique, you need to answer...
THE EMERGING MARKETS
8 Key People Trends
1) Collectivism over Individualism
2) Family vs Corporate mentality
3) Youngerpopulation
4) Informal vs Formal learning
5) Educational experiences of recent generations
6) Leaderhierarchy
7) City life vs Rural life
8) Diversity in classes of people
8 KEY PEOPLE TRENDS #1
Collectivism over
Individualism
Strong, cohesive groups
Protect each other with
unquestioning loyalty
Herd mentality
8 KEY PEOPLE TRENDS #2
Family vs Corporate Mentality
Businesses traditionally run
by families
Typically paternalistic and
autocratic
Based on informal social
network and family
connections
Need to evolve into a culture
of performance based on merit
8 KEY PEOPLE TRENDS #3
YoungerPopulation
Emerging markets - the youngest
populations in the world
Tendency of young workforce to
put self over work – immediate
gratification is the order of the day
Need to keep them constantly
engaged, motivated
Harness their energy & insatiable
appetite for learning
8 KEY PEOPLE TRENDS #4
Informal vs Formal Learning
Historically - informal learning,
family discussions and social
interactions
Current trends – online courses,
seminars, webcasts
Provide coaching on current
learning trends – linking learning to
attainment of career aspirations
Create a culture of individual
ownership for learning & career
development
8 KEY PEOPLE TRENDS #5
Educational Experiences of
Recent Generations
Literacy rates & educational
standards have risen
Ensure equal support systems,
promotional & global opportunities
are provided
Recognize local contributions &
achievements regardless of
language barrier
8 KEY PEOPLE TRENDS #6
LeaderHierarchy
Due to historical reasons, tendency
towards direction-centric leadership
mentality
Local leaders to be more open
towards delegation of authority &
empowerment as well as inclusion of
workforce in decisions
Critical to re-condition workforce to
embrace ownership & accountability
8 KEY PEOPLE TRENDS #7
© Copyright 2010 Hewlett-Packard Development Company, L.P.
City Life vs Rural Life
Massive development of new
cities - led to an influx of
workers into the cities
Leaders to understand source
& motivation of workers - to
attract & retain
Strategize locations to be near
source of talents
8 KEY PEOPLE TRENDS #8
Diversity in Classes of People
A new middle class is rising from
poverty
Objectivity & transparency in leading a
well-heeled workforce who will not
hesitate to assert their rights
Need to reflect on what it means for
talent attraction, recruitment, retention
and development.
How can you, as Leaders, manage
more effectively in emerging
markets?
How can you, as Leaders, manage more effectively
in emerging markets?
Set an Example
NeverStop Teaching
Allow Juniors to Learn from Mistakes
Make sure they learn fromtheirFailures & Successes
TransformCrisis into Opportunity
THANKYOU!

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Leading Emerging Markets Workforces

  • 2. INTRODUCTION Businesses are rapidly looking to the Emerging Markets as centers for growth. So how do we successfully lead the “new” workforce ? How do we prepare leaders to face workforce challenges that are still being defined? How can we best understand the context of leadership and prepare leaders accordingly?
  • 3. HIGHLIGHTS Today, we will be addressing 2 topics : 1. Who is tomorrow’s employee ? (knowing the employees) 2. How do you prepare yourselves as leaders for the Emerging Markets ? (adapting your approach)
  • 5.  What are the demographic factors shaping the workforce?  What are the cultural factors shaping the workforce?  What are the social factors shaping the workforce?  What are the motivating factors behind their ambitions?  What shaped their understanding of how an organization functions?  Hence ..What do you need to adapt in your leadership approach? To discoverwho the “new” workforce is and why they are unique, you need to answer...
  • 6. THE EMERGING MARKETS 8 Key People Trends 1) Collectivism over Individualism 2) Family vs Corporate mentality 3) Youngerpopulation 4) Informal vs Formal learning 5) Educational experiences of recent generations 6) Leaderhierarchy 7) City life vs Rural life 8) Diversity in classes of people
  • 7. 8 KEY PEOPLE TRENDS #1 Collectivism over Individualism Strong, cohesive groups Protect each other with unquestioning loyalty Herd mentality
  • 8. 8 KEY PEOPLE TRENDS #2 Family vs Corporate Mentality Businesses traditionally run by families Typically paternalistic and autocratic Based on informal social network and family connections Need to evolve into a culture of performance based on merit
  • 9. 8 KEY PEOPLE TRENDS #3 YoungerPopulation Emerging markets - the youngest populations in the world Tendency of young workforce to put self over work – immediate gratification is the order of the day Need to keep them constantly engaged, motivated Harness their energy & insatiable appetite for learning
  • 10. 8 KEY PEOPLE TRENDS #4 Informal vs Formal Learning Historically - informal learning, family discussions and social interactions Current trends – online courses, seminars, webcasts Provide coaching on current learning trends – linking learning to attainment of career aspirations Create a culture of individual ownership for learning & career development
  • 11. 8 KEY PEOPLE TRENDS #5 Educational Experiences of Recent Generations Literacy rates & educational standards have risen Ensure equal support systems, promotional & global opportunities are provided Recognize local contributions & achievements regardless of language barrier
  • 12. 8 KEY PEOPLE TRENDS #6 LeaderHierarchy Due to historical reasons, tendency towards direction-centric leadership mentality Local leaders to be more open towards delegation of authority & empowerment as well as inclusion of workforce in decisions Critical to re-condition workforce to embrace ownership & accountability
  • 13. 8 KEY PEOPLE TRENDS #7 © Copyright 2010 Hewlett-Packard Development Company, L.P. City Life vs Rural Life Massive development of new cities - led to an influx of workers into the cities Leaders to understand source & motivation of workers - to attract & retain Strategize locations to be near source of talents
  • 14. 8 KEY PEOPLE TRENDS #8 Diversity in Classes of People A new middle class is rising from poverty Objectivity & transparency in leading a well-heeled workforce who will not hesitate to assert their rights Need to reflect on what it means for talent attraction, recruitment, retention and development.
  • 15. How can you, as Leaders, manage more effectively in emerging markets?
  • 16. How can you, as Leaders, manage more effectively in emerging markets? Set an Example NeverStop Teaching Allow Juniors to Learn from Mistakes Make sure they learn fromtheirFailures & Successes TransformCrisis into Opportunity

Hinweis der Redaktion

  1. Set an Example A Manager’s words, deeds, temperament, charisma and standards are powerful role models for their teams. In a market where companies are struggling to assert themselves amid rapidly changing conditions, people look to leaders for guidance and inspiration. Hence it is doubly important that Leaders understand their style while at the same time exemplifying the company’s values in every move they make. Never Stop Teaching In emerging markets, where companies are growing & evolving at an accelerated pace, open-ended learning is crucial. Seniors should continuously harness their experience and expertise to mentor junior team members – help them find practical, effective solutions for the challenges they are facing at work. In addition to formal learning, employees should be systematically rotated amongst various functions & roles (projects/critical tasks force/new products development/ mergers etc) to broaden their knowledge of the business continuously. Allow juniors to fail Let employees shoulder setbacks and tough experiences – let them learn how to work through conflicts with superiors, subordinates, peers, clients etc. as these are inevitable challenges especially in a rapidly changing environment of an emerging market. Studies have shown that employees who have experienced setbacks and failures tend to have stronger willpower, a more positive outlook on life and greater empathy for others. Make sure they learn from their Failures & Successes When things go wrong, ensure mentors or coaches are ready to help employees confront and draw lessons from their mistakes. Introspection is critical for learning to be effective. There is a big difference between talented employees becoming discouraged or feeling that they have grown from the experience. Transform Crisis into Opportunity Immature markets can get tough on companies, hence take the opportunity to include employees in dealing with difficult situations eg. Involve them in the planning & execution of a layoff, restructuring of a division/business unit and other critical management decisions.