Developing Leaders During Tough Times – Part 1

I recently read a newspaper article that had really caught my attention.  The article was about a report by Development Dimensions International indicating that many leaders in today’s organization are failing; yet, companies are still shifting their attention away from developing its leadership.  In fact, 75% of International Executives surveyed believe that improving or leveraging talent is a top business priority.  Unfortunately, it appears that this critical business imperative may not be receiving the attention and effort that is needed to truly produce results, despite being directly linked to many company’s strategic business goals.

Also cited in this study is the decline in human resource professionals’ confidence in leadership over the past eight years (from 47% to 35%).  These professionals believe that 37% of leaders fail.  That is a staggering loss for companies especially in today’s competitive environment.

Organization success is about developing leaders during tough times.I found this fascinating because during difficult economic times and as businesses are under increased scrutiny, it seems natural that this would be the time for companies to invest in the development of their current leaders and high-potential future leaders.  The key word is investment.  When the economic pressures are on, leadership development is not always seen for what it is – and investment or an insurance policy for the future.  More than ever we need competent leaders at the helm of our organizations and leadership competence is achieved through development on an ongoing basis.

I believe that during turbulent times, businesses cannot avoid managing their talent and equipping leaders for the future by investing in development initiatives that are directly linked to profitability and the organization’s strategic goals.  Click here to read part two of Developing Leaders During Tought Times.

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About the Author

Stephanie Mead

Ms. Mead has experience in operations management, leadership development curriculum design, organization development consulting, and international operations. Stephanie has developed complete leadership development curriculums for some of the world’s leading organizations. Her experience also includes creating specialized learning experiences and blended learning programs aimed at maximizing human and organization performance. Stephanie has also co-authored 4 books with other CMOE consultants.