Deepak Gupta and Ashutosh Khanna INDIA, LIKE MANY ecier emerging ceonomies Including China, has sea explosive growth in hele few yeas, ‘Wellesablished companieshave diver shied and are increasingly venting furterintountamlrand vacharered ‘water Thisstre noon io Ind sn family-ron fempantes but dlso MNCS that 7 itave made nda 3 2 eestbed for 2 new products inservice This itypersciiy is steating bth op. Pomunitiesand Ehallenges “Tor thenetion'sbus nes leaders and Speitlyike Athos Khanna cbs r ; torical, scat sae dad tia, “Se Sout wer fost desired Yor fnecutves o be promoced to oF Fired as. Cro. Fora long tine, it was your fam: Ipbackproundandeducstiona pedigree that determined whether or nt You shot athe tp ob. AS the cou: population exploded through the 70s and 60's and makeing and dist fusion dictated 2 company’s fortunes, Thebeadsfsaes and marketingt yp Iybecane the de acto chate of lader. Tn be late and into the 90 the ‘emphasis on marketing soon gave way tovinance asthe fou shied bac 10 evr waysolgining competitive difer Enutlon to deve profs, astactors Uke the cos: of eapial how soon you could fet it and what the stock market fhougiv of your management eum be ‘smelnceasingyimportask more sd more CFOs moved up tobecome COO and eventallyt0 CEO. Today, we are seeing a diferent ap- ‘proach to ning the ght perso to {rive organisatonsinio the fate ith ‘an accent being placed more on hele teadeship style and competences than ‘on what functional sream they come ftom. Specialy, there isadeffite emphasis on leaders wth tong peo Ble sey who can Spire thelr wekdaree to ‘ew levels of perio ance during periods of ‘apld change and even through ess "AU the same time, the human re soutes funtion ithe new diferent tor asthe hunt or alent has become volved into the war fr talent not Just onda, Dt globally. Pera not stpisigly, more and more HR dee: Deepak Khanna Tne Ezonomic Times 21 November, 2008 The Future CEO: - After marketing and finance, the next generation of CEOs will come from the HR department tory an ee alent ofcers are beng Watched and even groomed forthe CEO Tole asthe emphasis an good people [eadersandaligaingtalen management strategies witha company’s over bs hes strategies tnreass. In May this Year Kom erry Intemational together Wl the BonomistIntligence Unit ‘once pulse survey of 80 Ask Pa fie CEUs serss indus tres, Most respondents Saestomypee ds opment aki asa key fompetency that willbe ome more important for the Asia Pole CEO inthe ext thee years, Tie was seen a being ven more mpertant than the aby to work ares eltures oe drive change Rnd, acorn to the survey, CEOs in the tegln are already are spending ore ime on stalfmanagement and de ‘yelopment than on engaging with cs tomers orsvategi pinning, Tes nd Ings are im ine with research that has teen dancin the past twelve months by several eonsling is globally andre fect the fact that busneseseveryhere eogalse people 3 thelr number one Tthiscontex any HR drecorsare working eel wih the CEO to make ‘ie hiring decsons ranging fom Safinganewly opened mantlachring Plant iofinding leader torn recent Fyacquired company on anther ent ent They aso partipae on sratec fomimites wth the finance and TT teams to develop cost-cutting plas or peopl Inegtatonsatpls. This expo Sure to some ofthe biggest sues inthe ‘company andthe CEO's though proces Inhanding them bosers thei sry solidundersianing of howto deal with peopl, and postions them wel tobe ‘ome eletive CEOrin he future nally he HR hess invlvementin \tving’ and enhancing the corprate culture though stan incentive and “oinmunkarions programs help ake the CEO's evangelist role easier. Once ‘again, the cove personal and inerper Sonasels another competencies sch 2 inegiy, lexblty and innovation ‘demanded ofthe CEO today areslready ‘well honedin the Hi funeton THR dretrs who have been able to ‘embrace ther changing roles and en hace thee ile and have carey listened to the CEO while seated ae thee Fighchand man are win sting {ace othe lite te, Although we Iven't requenly seem the HK decor ascend to the CBO role ye is only 3 attr ote before the global marke Pace the talent seareyand a wave of {alent converge to make ths amore sblereay Tent Gear eR HOR) InAs tha ptn Koes Hew ate