Leadership survey: Walmart and McDonald’s in, Zappos and Ikea out
Philadelphia — A survey released Tuesday by management consultancy Hay Group, ranking the 20 best companies for in terms of leadership, said that both Walmart and McDonald’s made the sixth annual list, but incumbents Zappos and Ikea dropped out of the rankings.
According to the “Best Companies for Leadership Study and Top 20 list,” which ranks the best companies for leadership around the globe and examines how those companies develop current and future leaders, General Electric occupied the No. 1 position, followed by Procter & Gamble, Intel Corp., Siemens and Banco Santander.
According to Hay Group’s study, all of the Top 20 companies report that everyone at every level of the organization has the opportunity to develop and practice the capabilities needed to lead others, compared to less than 70% of all other companies in the study. In addition, 90% of the Top 20 companies report that people are expected to lead regardless of whether they have a formal position of authority, compared to only 59% of other companies.
“The Top 20 Best Companies for Leadership are at the forefront of a significant shift away from hierarchical organizational operating models,” said Rick Lash, director in Hay Group’s Leadership and Talent Practice and co-leader of the Best Companies for Leadership Study. “Leadership in the twenty-first century is about leading at all levels; not restricting it to title. As organizations become flatter, the best leaders are learning they must check their egos at the door and become increasingly sensitive to diversity, generational and geographical issues.”
Hay Group’s study also found that the shift in organizational culture away from top-down leadership extends beyond employees at headquarters. All of the Top 20 companies encourage local leaders to participate in decisions made at headquarters, compared with 72% of all other companies. Similarly, 95% of the Top 20 companies report that ideas coming from subsidiary leaders are just as likely to be implemented as those from headquarters, compared with 76% of all other companies.
Borders to divest calendar kiosk business
Ann Arbor, Mich. — Borders Group said Monday that it is selling its kiosk business Day by Day Calendar Co. for an undisclosed sum.
The sale involves 420 kiosk retail outlets, which will be purchased by Calendar Holdings LLC, based in Texas.
According to the Detroit News, the sale could provide Borders with cash while the company works with creditors to restructure its debt.
Warner Bros. to light up Toy Fair with ‘Green Lantern’
BURBANK, Calif. — Warner Bros. Consumer Products announced that it is teaming up with a leading group of global licensees at Toy Fair in support of the Summer 2011 blockbuster film, Green Lantern, highlighted by DC Entertainment’s master licensee, Mattel. The June 17 release of Green Lantern from Warner Bros. Pictures, marks the live-action theatrical debut for the legendary comic super hero, the company reported.
"Green Lantern is among the greatest super hero characters in popular culture, and we are proud to unveil a merchandise program befitting this summer’s highly anticipated film as well as the perennial comic book franchise,” said Karen McTier, EVP domestic licensing and worldwide marketing for Warner Bros. Consumer Products. “Led by an incredible toy line from Mattel, fans of all ages around the world will be able to capture the excitement of Green Lantern."
Along with the release of the Green Lanternfilm, global licensee Mattel will debut a toy line, including the Green Lantern Ring Blast Jet Figure & Vehicle, the Green Lantern Battle Shifters Figures, and the Green Lantern Movie Masters Figures, as well as engaging role-play items including the Green Lantern Colossal Cannon Blaster.