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Lack of leaders puts expansion in the slow lane

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Survey finds that 70pc of firms in Asia do not have enough of the right people to make things happen

WITH MOST SIGNS pointing towards a period of renewed economic growth for the region, many companies are running into an unexpected area of difficulty.

Despite having strategic plans for expansion and available funds to invest, they are struggling to hire a sufficient number of personnel with the experience and essential leadership skills to set up and manage new divisions, subsidiaries and offices.

'This lack of leadership talent is a serious constraint on business at the moment,' said Andrew Bell, practice leader for talent and organisation consulting for Hewitt Associates.

'Companies are realising they just do not have enough of the right kind of people to make things happen.'

Mr Bell will be a speaker at the Hewitt-organised Best Employers Conference to be held on April 13 at the Grand Hyatt.

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