Passion, Strategic Vision and Global Mindset Identified as Key Attributes for Future Leaders of America's Industrial Sector

Business Press Releases Tuesday December 14, 2004 10:27
NEW YORK--(BUSINESS WIRE)--Dec. 13, 2004--
Korn/Ferry Study Examines the Leadership Challenges Facing the
U.S. Industrial Sector

The most critical attributes of the next generation of leaders forAmerica's industrial sector are passion, vision and a global mindset,according to a new study by Korn/Ferry International (NYSE:KFY), thepremier provider of executive search and leadership developmentsolutions. Entitled Executive Leadership in the Industrial Economy,the study examines the structural, economic, social and politicalchallenges facing U.S. industry, and their impact on management.

"Between labor costs, regulatory restriction, foreign competitionand unfair trade practices, the issues confronting the CEO of anindustrial company today are unprecedented," said Scott Kingdom,Global Managing Director of Korn/Ferry's Industrial Market. "Weinterviewed a cross section of C-level industrial executives toidentify the most important characteristics that the next generationof leaders for this crucial sector will need to succeed."

Korn/Ferry commissioned Joel Kotkin and David Friedman of the NewAmerican Foundation to research and write the report. Key leadershipattributes identified by the authors include:
--   Cultural and Intellectual Openness: For more than four
decades, the U.S. has been the dominant economic force in the
world. This leadership position has fostered executives who
are innovative, aggressive and focused on winning. But it has
also bred complacency and an ethnocentric view of the world.
--   Long Term View: Many of the troubles facing U.S.
multinationals were fomented by a Wall Street-driven focus on
quarterly results. To succeed in a global game, leaders must
be able to withstand the short term pressure and stay focused
on the end game -- as their foreign-based competitors are.
--   Diversity: Diversity will be a standard-bearer for global
executives going forward. Diversity of thought, diversity of
the workforce, diversity of the customer base, diversity in
design philosophy -- these are the hallmarks of a truly global
company and must be embraced and advanced by the leadership
team.
Executive Leadership in the Industrial Economy is availablethrough the Korn/Ferry website at www.kornferry.com.
About Korn/Ferry International

Korn/Ferry International, with more than 70 offices in 35countries, is the premier provider of executive search and leadershipdevelopment solutions. Based in Los Angeles, the firm partners withclients worldwide to deliver unparalleled senior-level search,management assessment, coaching and development and middle managementrecruitment services through its Futurestep subsidiary. For moreinformation, visit the Korn/Ferry International Web site atwww.kornferry.com or the Futurestep Web site at www.futurestep.com.

CONTACT: Korn/Ferry International
Anneli Ballard, 212-984-9350
anneli.ballard@kornferry.com
Source: Business Wire Press Release

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