By Daniel Kobialka
Stanley Litow, IBM’s vice president of corporate citizen and corporate affairs and president of the IBM Foundation, is one of several business executives who promotes corporate leadership development. At IBM, Litow oversees programs that help build leaders within the organization and promotes new partnerships with local governments and non-governmental organizations.
Through his ongoing efforts, Litow also highlights the benefits of leadership development programs for companies around the globe. Because IBM emphasizes leadership development, this business is able to differentiate itself from rivals and build long-lasting partnerships with key executives.
“IBM thinks of it as a growth strategy. Our corporate responsibility and philanthropic activities are deeply connected to our core values,” Litow told Forbes. “Some of the building blocks of what we are doing now were created over the course of IBM’s 100 year history.”
In the past few years, IBM has increased its profits overseas as well, thanks in part to its leadership development strategies. According to Bloomberg, IBM earned $44.4 billion in foreign profits last year, and this total may increase in 2013.
Meanwhile, as more companies search for ways to boost their profits, they could follow in IBM’s footsteps and create innovative leadership development programs.