Quality of leadership can make the difference between a successful and a failed company. Investing in building effective leaders and leadership practices is a must for any organization to prosper
MindLeaders’ white paper “Leadership In Crisis: How to Maximize Leadership Development and Succession Planning” examines the importance of effective leadership to an organization’s success, especially at a time like this when a severe worker shortage is predicted in the coming decade.
The paper looks at how organizations generally select and develop leaders, and the typical outcomes of such approaches—even in a successful global corporation like Coca Cola.
It identifies the main problem as the lack of connection between leadership development and succession planning programs, and then goes on to describe several reasons why organizations fail to successfully mould existing ‘stars’ into effective leaders.
The paper next describes the characteristics of an effective leadership development program, and provides tips on how to go about putting these in place.
To illustrate how leadership building practices can impact performance, the paper presents a scenario of a star performer recently promoted to a managerial role. She is required to carry out performance reviews for some of her team members, but is unsure of her ability to coach and mentor her team; nor does she understand some of the company’s decisions well enough to explain their purpose to her team members. Unhappy with how the reviews go and with the direction in which her career is heading, she begins to look for openings in other companies.
Had the manager been provided with leadership training, and had her development as a manager been properly planned and monitored, she may have had better success and would not have been looking to leave.
The paper finally presents a list of factors to consider when selecting a learning and development company to help establish effective leadership development programs, and gives an overview of how MindLeaders’ products and services can help organizations to this end.
How well are your leadership development programs linked to succession planning?