Is leadership development broken?

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The Challenge

Most estimates put the global investment in leadership development at over $300 billion per year (2), and yet only 10% of CEOs believe their company’s leadership development initiatives have a clear business impact (3). That’s $270 billion down the drain, year in, year out. What’s going wrong?

All too often, businesses draw up a long laundry list of all the skills leaders need, before initiating a laborious and painful process of psychometric assessment to identify where their leaders are at. Next up, it’s time to design large scale leadership programmes that take a huge investment of time and money. They’re often focused on trying to change 10 things at once, encourage independent, theoretical learning over team development, and fail to embed any real shift in leadership capability in their teams, where the work gets done.

The solution - Develop for the context, Develop in the work

So, how can we develop leaders in a way which has real impact? The key is focusing on what the organisation and the collective leadership team needs to achieve, so we are developing the business at the same time as its leaders.

1. Get leaders rationally and emotionally committed to doing things differently
2. Focus on the unlock and do it 'in the work'
3. Make it a team sport
4. Equip them to challenge the status quo
5. Help them learn to learn

Sources
1. scholarworks.waldenu.edu
2. trainingindustry.com
3. www.mckinsey.com

Words by Kate Manson, Senior Architect