EMPIRICAL RESEARCH
Development of Future Leaders: A case study on the Bank of Thailand (BOT)
By Dr. Adisak Chandprapalert and Dr. Suda Suwannapirom
Jan 9, 2008 – 10:27:59 AM
This experimental research study explored visionary leadership in practice by focusing on the construction of organizational vision and the ability to manage the change that principals exploit to foster the competitive advantage of leader capabilities’ enhancement before implementing future leader developmental framework. The new leadership development methodology, assessment, and development were predominantly utilized in this study. Five crucial aspects of visionary leadership consist of leadership personality, strategic management, innovation and change management, problem solving and decision making, and organization diagnosis which have been focused and developed throughout the changing process. In the early stage, twenty-six top management director level of Bank of Thailand (BOT) were surveyed and interviewed. Leadership Competencies Assessment and Extended DISC Assessment were used to identify gaps between current competency levels and desired stages of the participants in the project. Later on, the distinct communicative session and intellectual bonding were used to create self awareness & significance of the development project. The research findings show and provide the practical guidelines and strategic insights to promote future leader, succession planning, talent management, and future leadership development roadmap for BOT top executives.
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Source: The online Journal of Academic Leadership, Volume: 6, Issue: 2, May 30, 2008 , ISSN: 1533-7812.
The Journal is peer edited through a blind review process that utilizes national and international editorial boards and peer reviewers. It is listed in Cabell’s and has a 45% acceptance rate.
Excerpted from the report is the “Conclusions and Recommendations” section, as follows:
Conclusions & Recommendations
This experimental research employed an exploratory and empirical survey to illustrate how the authors built up the “Future Leader” development program based on visionary leadership theory. Leadership development focused on transformation practices involving participants in a process which they can compare themselves with the benchmark, determine their concerned competency improvement, and build strategies to have continuous self-awareness and self-development. Implicit this process is some kinds of idealized notion of the best practice and model guiding action. The visionary leadership self-assessment utilized mainly in this process has provided individuals to assess themselves with behavioral benchmarks appropriate to their leadership situation and determine the means of adapting more effectively to changing environment. Moreover, to ensure leadership development effectiveness, Leadership Competencies Assessment and Extended DISC Assessment with 180 degree feedback, observations from role play and various participative activities are utilized for a coherent part of the “Future Leader” development program.
Posted by extendeddisc 
Posted by extendeddisc 