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1 min read • Strategy
Grooming CEO talent at the truly global firm of the future
One of the main effects of globalization is that firms today are sourcing around the world to get the best value for money. Despite this, in many companies top management talent is still sourced from within national borders. We took a close look at the 2008 Fortune 500 list and identified companies and countries where the percentage of foreign CEOs is highest. The key message we found is crystal clear: the talent pool is much bigger than is commonly thought and global companies are losing out on talent if they limit themselves to native CEOs only.
One of the main effects of globalization is that firms today are sourcing around the world to get the best value for money. Despite this, in many companies top management talent is still sourced from within national borders. We took a close look at the 2008 Fortune 500 list and identified companies and countries where the percentage of foreign CEOs is highest. The key message we found is crystal clear: the talent pool is much bigger than is commonly thought and global companies are losing out on talent if they limit themselves to native CEOs only.
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