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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Chancellor to stay on economic path

Category : Business

Chancellor George Osborne tells business leaders at the CBI that he will not deviate from the government’s economic road to reducing the deficit.

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Pink Jeep(R) Tours & Scenic Airlines Partner for Ultimate Grand Canyon Experience by Air, Jeep

Category : Stocks

Travel and Tourism Leaders Pink Jeep(R) Tours and Scenic Airlines Are Partnering to Present the Ultimate Grand Canyon Experience.

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Collaboration and cultural awareness essential in next generation of leaders

Category : Business

A new study has shown that Generation X value very different leadership qualities to their departing peers. How can organisations prepare and shift?

One of the biggest and most under-appreciated upheavals that will affect companies over the next decade is the retirement of the current generation of senior executives. These leaders, who predominantly come from the baby boomer generation, have an outlook on life and commerce which has uniquely shaped today’s business world.

As these leaders prepare to hand over the baton to the next generation, it becomes ever more pertinent to ask: what will follow in their wake? To answer this question and explore the challenges posed by the transition, we conducted an in-depth research study in partnership with Cass Business School, interviewing leading senior executives across a wide range of industries and geographies.

The findings of the report make interesting reading. Emotional intelligence, people skills and flexibility, attributes that have traditionally been seen as more feminine qualities, will be particularly highly valued. In spite of this, most organisations currently underserve female markets. Cultural awareness will also be increasingly important to future leaders, and with this, the ability to speak foreign languages.

It is clear that organisations will need to ease the transition between the two generations of leaders. While it seems inevitable that business and industry will face some significant changes over the coming decade, by adapting to these changes at board level, companies can thrive in the new environment.

There are two fundamental ways in which leadership will have to change. It will need to become more collaborative, and it will need to be more culturally aware. When asked which three qualities they looked for when identifying future leaders, most executives said emotional intelligence, followed closely by flexibility and people skills.

Interestingly, these are traditionally regarded as more feminine leadership skills and would certainly point towards the emergence of a more collaborative, more collective style of leadership, regardless of gender differences.

Around 70% of people felt that their leadership development plans should include some cultural awareness and diversity elements to reflect the growing importance of emerging markets, while an astounding 85% believed that the ability to speak a foreign language will be important to executives. Already, S&P 500 companies derive nearly half of their revenue from international sources and, for many, international revenues are growing faster than their core revenues.

While businesses around the world appear to have a clear idea of the leadership changes required, more worryingly, only 41% of respondents believed that their organisations are ready for these changing workplace demographics of age, gender and diversity.

In order to thrive in the post-baby boomer landscape, companies need to put serious thought and effort into smoothing the intergenerational transition for leaders from Generations X and Y. Organisations must find ways of transferring as much knowledge and experience as possible through directly mentoring next generation talent, so that tacit knowledge can be transferred, and written knowledge can be cemented.

Organisations must also accommodate the different work attitudes and motivations of the generations, moving if necessary to a flatter organisational structure and providing opportunities for freer movement.

Adapting need not involve dramatic change, but it requires a subtle shift of culture and priorities. As with tomorrow’s leaders, flexibility and a focus on people will be key survival attributes for tomorrow’s leading organisations.

Richard Boggis-Rolfe is chairman of Odgers Berndtson. The report is out today.

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CUPE Nova Scotia charges so-called ‘cost-savings’ from merged DHAs are fictional

Category : Stocks

TRURO, NOVA SCOTIA–(Marketwired – May 6, 2013) - CUPE Nova Scotia President Danny Cavanagh says the two opposition party leaders are floating fictional numbers when it comes to any ‘savings’ that would come from merging the province’s District Health Authorities (DHAs).

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Business lobby group backs EU change

Category : Business

Hundreds of business leaders have formed a new lobby group Business for Britain to press the government to renegotiate the UK’s deal with Brussels.

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Stonehenge general manager sought

Category : World News

A general manager is being sought by English Heritage to look after prehistoric monument Stonehenge, with duties including liaising with druid leaders.

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SDL and Macmillan Cancer Support to Present at Figaro Digital Marketing Conference

Category : Stocks, World News

Thought leaders will gather on 18 April in London to share best practices

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Brics nations mull development bank

Category : World News

Leaders of the Brics nations – Brazil, Russia, India, China and South Africa – meeting in Durban discuss the formation of a new development bank.

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Cyprus ‘to present new bailout plan’

Category : World News

The president of Cyprus will on Thursday present political leaders with a “Plan B” for funding the country’s controversial bailout, state TV says.

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Bank behaviour ‘harming capitalism’

Category : World News

A business leaders’ group blasts the “unacceptable” levels of banker bonuses, saying it is hurting the reputation of capitalism itself.

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