Strategic Leadership Development Study Findings

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Information about Strategic Leadership Development Study Findings
Business & Mgmt

Published on February 18, 2014

Author: Right_Management

Source: slideshare.net

Description

Studies suggest a direct relationship
between great leadership and an organization’s
bottom line. Hence, organizations are often very focused
on equipping their leaders with the necessary skills and capabilities.

This report summarizes a study conducted by The
Conference Board and Right Management to investigate a
wide spectrum of organizations globally, their challenges
and needs, and their intention and goals with leadership
development initiatives. This study is based on three
major components: a global survey with 654 respondents,
a comprehensive literature review, and case studies
based on interviews with senior leadership development
professionals.

STRATEGIC LEADERSHIP DEVELOPMENT GLOBAL TRENDS AND APPROACHES

Spending on leadership programs expected to rise Future investment in leadership development North America Increase Stay the Same Decrease Not Sure Europe 37% 49% 11% 4% 34% 48% 14% 5% Asia 46% 42% 8% 4% Global Average 39% 47% 10% 4%

Why? 40 % of leaders globally are either marginally prepared or unprepared for business challenges over the next 12-24 months.

Leading change The most in-demand competency Most important now Leading change Retaining and developing talent Global thinking/mindset Collaboration Integrity Most important over next 5 years Leading change Global thinking/mindset Retaining and developing talent Learning agility Creativity

Companies struggle to accelerate leadership development and retain top talent Biggest hurdles 55% 45% 38% 29% 18% 18%

Only 25% of organizations globally have succession planning efforts in place for all of their levels of leadership, not just mid-level and above. So many organizations struggle to have an ample pipeline of ‘ready now’ candidates to move up into positions of greater responsibility and scope. Ric Roi, Head of the Global Center of Excellence for Talent Management at Right Management

Coaching remains at the core of development 48 % are allocating greater resources in the next 12 months to coaching or mentoring.

Disconnect exists between allocation of resources and impact

Talent is the single most important factor in driving competitive advantage, and the skills and capabilities needed tomorrow may not exist today. Amy Abel, Director, Human Capital Research for the Conference Board.

Leadership development geared to deliver business results How do you measure the outcome of your accelerated leadership development programs? 57% 56% 54% 52% 16% 12% Business results Employee retention and loyalty Employee engagement and satisfaction Promotion of graduates into new positions Customer satisfaction Corporate brand and reputation

Request the Full Research Contact your local Right Management office to request a copy of the research to: • Generate ideas and develop creative and impactful programs • Determine how your own programs compare to global industry trends • Inform leadership development strategies and investments

Right Management is the talent and career management expert within ManpowerGroup. About the Study Right Management partnered with the Conference Board in 2012 to complete the survey “Strategic Leadership Development: Global Trends and Approaches.” Participating were 654 respondents from 14 industries. The research is based on three major components: a global survey, a comprehensive literature review, and case studies based on interviews with senior leadership development professionals. About Right Management Right Management is a global leader in talent and career management workforce solutions within ManpowerGroup. We design and deliver solutions to align talent strategy with business strategy. About the Conference Board The Conference Board creates and disseminates knowledge about management and the marketplace to help businesses strengthen their performance and better serve society. www.right.com

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