• Skip to content
  • Skip to navigation

Grant Thornton uses cookies to monitor the performance of this website and improve user experience

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Global site
  • Global site
  • Algeria
  • Botswana
  • Cameroon
  • Egypt
  • Ethiopia
  • Gabon
  • Guinea
  • Kenya
  • Libya
  • Malawi
  • Mauritius
  • Morocco
  • Nigeria
  • Namibia
  • Senegal
  • South Africa
  • Togo
  • Tunisia
  • Uganda
  • Zambia
  • Zimbabwe
  • Anguilla
  • Antigua
  • Argentina
  • Aruba, Bonaire, Curacao and St. Maarten
  • Barbados
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Canada LLP
  • Canada RCGT
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Ecuador
  • El Salvador
  • Grenada
  • Guatemala
  • Honduras
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Puerto Rico
  • St Kitts
  • St Lucia
  • St Vincent and the Grenadines
  • Trinidad & Tobago
  • United States
  • Uruguay
  • Venezuela
  • Turks & Caicos
  • Afghanistan
  • Australia
  • Bangladesh
  • Cambodia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Korea
  • Malaysia
  • Mongolia
  • Myanmar
  • New Zealand
  • Pakistan
  • Philippines
  • Singapore
  • Taiwan
  • Thailand
  • Vietnam
  • Albania
  • Armenia
  • Austria
  • Azerbaijan
  • Belarus
  • Belgium
  • Bosnia and Herzegovina
  • Bulgaria
  • Channel Islands
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • Georgia
  • Germany
  • Gibraltar
  • Greece
  • Hungary
  • Iceland
  • Ireland
  • Isle of Man
  • Israel
  • Italy - Bernoni
  • Italy - Ria
  • Kazakhstan
  • Kosovo
  • Kyrgyzstan
  • Latvia
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macedonia
  • Malta
  • Moldova
  • Monaco
  • Netherlands
  • Northern Ireland
  • Norway
  • Poland
  • Portugal
  • Romania
  • Russia
  • Serbia
  • Slovak Republic
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
  • Tajikistan
  • Turkey
  • Ukraine
  • UK
  • Uzbekistan
  • Bahrain
  • Egypt
  • Jordan
  • Kuwait
  • Oman
  • Qatar
  • Saudi Arabia
  • United Arab Emirates
  • Yemen
  • Lebanon
Grant Thorton Logo

Grant Thornton Logo Grant Thornton logo

Contact us
  • Insights
  • Industries
  • Services
  • Events
  • Overseas Listing
  • Careers
  • L&D Academy
  • Media
  • Country corridors
  • Consumer, Retail & E-commerce
  • Healthcare and Life Sciences
  • Automotive and Manufacturing
  • Media, Technology and Entertainment
  • Not for profit
  • Real Estate and Construction
Healthcare and Life Sciences Home
Our publications BillionFit: Technology redesigning healthcare
Our report, BillionFit: Technology redesigning healthcare, navigates through key trends in disruptive technologies in healthcare, with a focus on India. This paper captures India’s Healthcare and Fitness scenario from a technology perspective, while providing some insight into the recent developments globally.
Automotive and Manufacturing Home
Thought Leadership Auto Bytes January 2020
This edition of Auto Bytes focuses on what will shape the future of the sector.
Media, Technology and Entertainment Home
Publication The Digital Accelerate – New regulatory framework implementation guide
The publication summarises the transition process mandated by TRAI for digital television services, and how consumers can select their subscriptions.
Real Estate and Construction Home
Report Improving transparency in secondary real estate market
Holistic pan-India assessment on various parameters in the secondary market & direct impact of a regularised secondary market on stakeholders.
  1. Grant Thornton Bharat
  2. Press releases
  3. 2014
  4. 50% Indian businesses believe their successors will be appointed from within the business

50% Indian businesses believe their successors will be appointed from within the business

24 Feb 2014
  • 50% Indian businesses believe their successors will be appointed from within the business

48% Indian businesses are either using or have used the services of a business coach to develop their leadership skills

New research from Grant Thornton reveals that 50% of Indian business leaders believe their successors would come from within the business while 26% say their next in line would come from outside the business, from a competitor organisation or different sector. Surprisingly 23% of the business leaders haven’t even considered as to where their successors would come from.

The UAE (54%) tops the list of countries where business leaders see their successors coming from within the business while in the Nordic countries, only 21% of business leaders subscribe to this view. While in BRIC nations as a whole, 40% businesses hold this view, globally 43% business leaders see their successors coming from within the business.

This survey, which involved 3500 interviews with senior executives in 45 economies, also asked business leaders as to whether they were engaging the services of a business coach to further refine their leadership skills. It was found that 48% of businesses in India are either using or have used the services of a business coach to develop their leadership skills. This is in line with the trends in the BRIC and APAC (41% each) and higher than the global average of 35%.

When business leaders were asked about the factors that help them grow their own leadership capabilities, 74% business leaders in India said that their personal leadership skills assessments help them do so, followed by leadership skills assessments from staff (60%) and setting challenging goals & monitoring progress (56%).

Business leaders were also asked how important certain attributes are to good leadership. Globally, integrity, a positive attitude and communication came out on top. In India, positive attitude (98%), communication (94%), ability to inspire (98%) and confidence (96%) were among the top leadership attributes.

Vinamra Shastri – Partner, Business Advisory Services at Grant Thornton, an assurance, tax and advisory firm said: “It is heartening to see that a large number of business leaders have thought about the issue of succession, which is critical to the long-term growth and sustainability of every business. If 50% of businesses believe that their successors would come from within the business, it becomes imperative for them to spend significant time in coaching future leaders in their organisations. These findings are significant in the view of a proposal being considered by SEBI, which, if implemented, will make it mandatory for all listed Indian companies to put a succession plan in place. This is part of the efforts being made by capital market regulator to protect the interests of investors in the event of the untimely death, departure or poor performance of a leader; all of which usually do hurt investor interests.”

Vinamra adds, “Business leaders in Asia have been able to observe how management techniques in the West have evolved and matured. The research shows that rather than simply copying and replacing management techniques, they are blending them with their own cultural and management practices to adapt a ‘third way’ for their local market.”

Share this page
  • Facebook LinkedIn
  • Twitter Twitter
  • LinkedIn LinkedIn
  • Email Email
  • Follow us on Facebook
  • Follow us on LinkedIn
  • Follow us on Twitter
  • Follow us on YouTube
CONNECTclose
  • Locations
  • Contact us
  • Global reach
ABOUTclose
  • About us
  • Careers
  • Press
  • Corporate Social Responsibility
LEGALclose
  • Privacy
  • Disclaimer
  • Site map

© 2021 Grant Thornton Bharat LLP – All rights reserved.

    • EN
    • Sign in
    • Contact us
    Sign in with LinkedIn Close
    Sign in with LinkedIn to save articles to your bookmarks.
    Privacy policy