With the world undergoing rapid and extremely uncertain changes, organizations across the world see many challenges that put a cap on how efficiently they can operate. Maintaining a competitive advantage is near impossible for companies that still use traditional means of operation, under a traditional ‘leader’.
Change in any field requires new behaviors, implementing new routines and methods, attracting new customers, and being open to fresh perspectives and technology.
It is up to the leaders of an organization to implement these changes and provide their team with the right direction and protocol to operate smoothly even at times of chaos. Leadership development plays a key role in how leaders operate and using old, outdated strategies can bring your company’s entire operation down.
Why Should you Consider Re-shaping Your Leadership Development Strategy?
Over 71% of organizations and employees claim that their leaders are unable and unprepared to deal with the future and pave the way for growth. 81% of organizations mention how their company’s fore-runners and decision-makers do not implement effective leadership development programs.
Companies also try holding out on such training and decisions to choose the most cost-effective way out of it. This is why there is a growing urgency for companies to completely rethink and re-plan the way they develop and choose leaders.
A re-defined leadership development program that makes a clear distinction of the four leadership solutions stands out from traditional programs. When offered in conjunction with relevant leadership levels which have strong links to the way the organization performs and makes an assessment, value is provided at each level.
Re-shaping your leadership development and deployment strategy is definitely possible and is the most cost-effective solution for your company in the long run.
How to re-shape Your Leadership Development Strategy?
An annual analysis of the needs and research on the skills that make a leader of the future can help identify the topics in the four columns of leadership development. These consist of:
- Organizational transformation programs: Implementing strategic transformation programs in your organization can enable an organization to develop better leaders. When these programs are offered to leaders at all levels, the entire company can be prepared and ready to handle all forms of change and ride the wave out of any complications.
- Career Programs: Long or periodic leadership development programs help in preparing future leaders for their next big role. The key characteristics of a good career program include links to talent strategy, offering invitations to progressive leaders, and the use of blended learning.
- Performance Modules: Routine stand-alone and short performance modules that are topic-focused aids in uplifting the skills of individual leaders and pointing out the areas of weakness. Based on their performance, these modules can be used to help them prepare for conditions and situations they aren’t familiar with.
- Digital Learning: Using digital learning as the main platform of your leadership development programs can be a great decision for your company. With modules that are available 24/7 and interactive sessions, leaders can be prompted to learn more at their convenience. Thus not only encourages them to learn and implement better ideas but also helps them prepare for uncertain times with modules that are available to them at all times.
There is a need to re-shape leadership development programs now more than ever, and companies are slowly beginning to realize that. The entire future of the company depends on how a leader performs and inspires others to do the same, equipping all employees of an organization with the right tools to deal with change.