Bangkok--13 Dec--Slingshot Group
Slingshot Group Co., Ltd., a consultancy firm in leadership and organizational development, has pointed out a rising trend in the market of world-class leadership and company development, championing the program "Executive Mentoring" as a significant instrument to create a "leader of leaders". This comes from the fact that more than 45 world-renowned CEOs, including Mark Zuckerberg and Bill Gates, have mentors behind their success.
"Most business organizations underline the significance of human resource development, which is a compelling factor in driving companies to sustainable success," said Dr. Sutisophan Chuaywongyart, Chief Executive Officer of Slingshot Group Co., Ltd. "The business of developing leaders and organizations has faced more challenges as a result of important changes, such as the integration of the ASEAN Economic Community, an increasing number of Generation Z workers entering the workforce and organizations applying new technologies or using these to replace a workforce. The fast-changing world has forced workers and organizations to adjust so they are prepared for unknown or unpredictable situations. The consultancy business on developing the potential of leaders and organizations is key to business success and is witnessing a growing demand in the market. Service users choose consultancy companies based on trust and outstanding achievements that truly make a difference. This is the biggest challenge faced by Slingshot Group as it creates new solutions that meet consumer learners' demands," she added.
"Slingshot Group is a consultancy company developing leadership and organizations, with expertise and a long experience more than 12 years in developing leaders and more than 300 organizations in both the state and private sectors in the kingdom and overseas, especially in Indochina countries such as Malaysia and Singapore. The company provides three services covering (1) Training and Development – training leaders of organizations at various levels; (2) Leadership and Organizational Development Consultancy – imparting advice on developing leadership and companies; and (3) Coaching", Dr. Sutisophan stated. "Slingshot Group has recently foreseen the opportunity to help organizations achieve sustainable development by possessing leaders with farsighted vision – a key quality for solving problems in time and developing organizations so that their success is sustainable. Our company has decided to penetrate the market of human resources and organization development by offering a new service called 'Executive MentoringTM', the first of its kind in Thailand," she revealed.
"Research and surveys on 45 world-class CEOs found that most agreed with having mentors who have experiences, skills and knowledge, especially those who have succeeded or held similar positions in related businesses, to provide advice to help bring about success and advancement of companies. Statistics also show 71 per cent of leaders improve organizations' performances, 69 per cent help improve decision making, 76 per cent provide better responses in line with stakeholders' expectations and 84 per cent of this group of CEOs give credit to their mentors for helping them avoid mistakes and supporting them so they perform their CEO roles effectively. Prime examples of company leaders who have made a huge success and gained worldwide fame are Mark Zuckerberg, who had Steve Jobs as his mentor while founding Facebook, and Bill Gates, who had Warren Buffet as advisor and 'mentor' in operating Microsoft," Dr. Sutisophan added.
"Furthermore, to keep up with human resources and organizational development trends in 2018, Slingshot Group has delved into research and development across the world and found that the 'Digital Generation' will continue to play a major role, becoming a key factor that company leaders must be highly aware of and cater to until at least 2020. In terms of digitalization, organizations will change rapidly to meet the digital 4.0 trend, such as using automation technology or deploying more robots to replace humans in the workforce. This will be a challenge for company leaders, who must adapt to capitalize on new technology and increase the potential of their personnel, because no matter how advanced the technology is, if workers have no skills or knowledge in applying it, technology can be useless. Meanwhile, Generation Z, or those who were born after 1997 and brought up in an environment of new technologies while being quick learners, will enter the workforce and play an increasingly important role in organizations. The next year especially marks the first year 'Gen Z' will officially step into companies, and this will lead to an important phenomena – some organizations will have five generations (Traditionalist, Baby Boomers, Gen X, Gen Y and Gen Z) working for them," she said.
"In a nutshell, organization leaders must understand and should be able to provide a link between the old generation and new. Mentors will therefore need to play a vital and essential role to support organization leaders in this digital age, and the leaders themselves will need to capitalize on the knowledge and experience of their mentors and tap the creativity of new generations," Dr. Sutisophan concluded.