Unlocking Business Growth: Succession and Leadership Development Insights

While departments such as human resources may be labelled as cost centres, effective talent development and management can reap tangible outcomes for businesses when it comes to the dollars and cents.  According to a report by the Boston Consulting Group in 2015,” talent magnets” – or companies that rated themselves strongest on 20 leadership and talent management capabilities – have increased their revenues 2.2 times faster and profits 1.5 times faster than their peers with weak practices.  On this front, the Singapore Business Federation’s Alliance for Action on Business Leadership has released a report to call out opportunities in the local talent development landscape and put forth recommendations on what key stakeholders can do to help Singaporeans earn their place at the corporate leadership table on a global stage.  But really, what is in it for businesses to train locals for leadership positions? How will local leaders make strategic decisions differently given their understanding of the local market, and how will training local leaders position firms for longer-term growth? On Under the Radar, Drive Time’s finance presenter Chua Tian Tian spoke with Frank Koo, Head of Asia - Talent and Learning Solutions at LinkedIn and Albert Tsui, Executive Director, Advocacy and Policy at the Singapore Business Federation for more.  Download the podcast here: https://www.moneyfm893.sg/guest/frank-koo-linkedin-albert-tsui-singapore-business-federation/ For more, tune in to #DriveTime with Elliott Danker, Timothy Go and Chua Tian Tian every weekday from 4pm-7pm. Tune in to MONEY FM 89.3 via the Awedio app today! Available on the App Store, Google Play and more. -- Connect with Us! Telegram: MONEY FM 89.3 Facebook: MONEY FM 89.3 Instagram: @moneyfm893 Twitter: @moneyfm893 LinkedIn: MONEY FM 89.3 -- Contact us: MONEY FM 89.3 Headquarters: +65 6319 1900 Live Studio: +65 6691 1893 SMS/WhatsApp MONEY FM 89.3: +65 8855 0893 Mailing Address: SPH Radio Pte Ltd 1000 Toa Payoh North News Centre Singapore, Singapore: 318994