Strong leaders improve financial performance, attract top talent, execute strategy, engage employees and deliver sustainable results. Most executives agree that strong leadership is one of the most important variables in their company’s success and many are investing in developing their leadership talent. That’s the good news.
The bad news is that after spending billions of dollars on leadership development, studies continue to show that more than half of company initiatives fail meaning they don’t achieve the intended results. What’s missing?
Traditional leadership development programs tend to focus on strengthening skills related to developing strategy, defining goals, improving communication, building teams and a host of other elements that improve soft skills. There’s no doubt that these are important to a leader’s success. But most development programs fall short in providing leaders with skills and tools to improve processes and make change – two key elements that are needed to deliver sustainable results.
Adding process and change tools to your leader’s toolbox and teaching them how to apply these tools to support company goals and improve employee engagement will enable them to unleash the power of their workforce to deliver sustainable results.