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Tatas among 10 best cos for leadership in Asia

Ranked 5th, group is only Indian entity to make it to top-10 list

Press Trust of India  |  New Delhi 

is the only Indian entity which has managed to find a place in the list of ten best for leadership in Asia, according to a study by management consultancy giant Hay Group.

The is at the fifth position among ten best for leadership in Asia list, which has been topped by Samsung Group followed by and Unilever at the second and third position, respectively.

The study said that innovation was the prime factor that made to find a place among the top names in Asia. The group's project has been mentioned as a notable breakthrough in the study.

"Leading Asian are no strangers to innovation, the key theme of this year's study. Top 10 Samsung and Tata, for example, are both notable for recent breakthrough products like the Galaxy Tab tablet computer and the ultra low-cost family car," the study noted.
    
Others in the top 10 in Asia are: Nestle, IBM Corp, Sony Corp, Procter & Gamble, and

    
"... Asia's Best for Leadership are better at celebrating innovation and recognising the discretionary effort that helps it to happen. At these companies, trying out new ideas and receiving credit for achievement is twice as likely to happen than at peer firms," Hay Group said.
    
Among the global best leadership companies, General Electric is at the top, followed by Procter & Gamble, IBM, Microsoft and
    
The study noted that the best for leadership create an atmosphere for innovation. Moreover, 90% of Asian report their leaders regularly celebrate innovation, compared to just 59% peer In addition 71% of Asian best would forego short-term profit to invest in innovation.
    
Further, employees in 81% of Asia's top 10 regularly discuss customers' future needs and negative feedback and problems are seen as opportunities by 77% of Asian best
    
However, the study also reveals that leadership could still be holding Asian back.
    
"Even in the top 10 Asian companies, you are five times more likely to need formal authority to lead than in a global top 20 company, where almost everyone is expected to lead. Moving away from 'directive' leadership to more delegated decision-making leads to better engagement and motivation, which in turn helps drive innovation," the study noted.
    
The study includes responses from nearly 7,000 individuals at more than 2,300 organisations across 103 countries.

First Published: Sun, May 06 2012. 19:32 IST
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