Investing in the future of engineering leadership
21 October 2024: Navigating successful engineering business leadership roles requires more than technical expertise; it demands a blend of business acumen and leadership skills. Companies that invest in the career development of their young engineers are positioning themselves for long-term success, explains Chris Campbell, CEO of Consulting Engineers South Africa (CESA).
According to the 2023 Global Leadership Forecast report by consulting firm DDI, companies that failed to offer an effective leadership development programme at any level were linked to the poorest financial performance, with only one in five companies noting that their financial performance was in the top 10% for their industry.
By contrast, organisations with effective development programmes for only one leader level performed slightly better – 31% said they are in the top 10% of industry financial performance. When effective programmes were offered for two levels of leaders, this percentage increased to 40%.
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