The SMU Cox Latino Leadership Initiative (LLI) is a four-element program that helps participating companies recruit, develop, and retain high-performance Latino executives who will drive business growth and create a sustainable competitive advantage for their companies.
Housed in SMU Cox Executive Education, the LLI grew out of an awarding winning partnership between SMU Cox Executive Education and the National Hispanic Corporate Council. In 2010, the two organizations launched the Corporate Executive Development Program (CEDP), an innovative executive development experience for high-potential mid-level Latino managers in Fortune 1000 companies.
Building on the success of the CEDP, the LLI focuses on four interlinked areas
- Individual development for high-potential Latino managers;
- Organizational development to build multi-cultural competence;
- Exclusive business insights through Latino-focused research;
- Industry leadership initiatives in schools and communities
Why the Latino Leadership Initiative?
As demographic changes are occurring in the US, companies who want to retain a competitive advantage in the market must invest in their Latino employees. By 2050, Latinos will represent 30% of the population, and more immediately, by 2015 the purchasing power of Latinos in the U.S. will amount to approximately $1.5 trillion. Despite this demographic and economic surge, Latinos are underrepresented in first/middle management and executive positions. This leadership gap is an unsustainable situation that jeopardizes a company’s future growth and success.
“Winning in a global, high-tech industry requires exceptional people, diverse teams and an inclusive culture rooted in a deep understanding of the diverse market segments we serve,” says Debbie Storey, Senior Vice President – Talent Development and Chief Diversity Officer at AT&T. “That’s why for AT&T, hiring and developing talented employees from all backgrounds is as much a priority as deploying the latest technology – and it’s why we proudly sponsor the SMU Latino Leadership Initiative.”
“Like the CEDP, the Latino Leadership Initiative combines practical leadership principles with insights from rigorous research to address the opportunities of today’s diverse, global market. Together with visionary partners, we’re creating a high-impact program with unique potential to drive organizational success.”
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