This research paper outlines the findings of a research project on leadership competencies, skills, and principles, and incorporates the findings from the survey of the management of Siemens Regional Company based in Budapest, Hungary.  The purpose of the paper is to introduce leadership methods, practices, and processes; and to explore how regional managers define the basic leadership principles, and how they adapt those on the regional level.

Current study includes the review of literature on leadership, recommended for Siemens managers and executives by corporate headquarter, in order to get a general view on how the corporation interprets the term leadership on a global basis. Furthermore, it will be explored through survey how regional managers and executives adapt the globally defined corporate leadership principles in Central and Eastern Europe.

The primary target audience for this report includes both the corporate and the regional human resources executives. Based on the findings they will have the opportunity to reconsider regional HR strategy and to plan training and other development programs based on regional needs. In case of the term leadership is misinterpreted in the region, for instance, the implementation of motivation strategy at the regional company could easily fail, too. Thus, it is important that HR executives have a clear view whether regional managers only manage their organizations or besides managing, they coach and motivate their employees, too. Furthermore, effective leadership also has impact on the business performance of a company; thus, the right development programs planned and conducted by HR executives, based on the findings of this report, can also result business growth for the company on the long run.