The biggest quality of
any true leader is to create other leaders. It is indeed a fact and feels very
nice and professional to narrate it but critical question to ask is when it
comes to doing it, are people doing it in reality?
Future of any
organization is based on the actions performed in present to ensure leadership
& business continuity. Developing & implementing a leadership
development program to strengthen the skills of the current “to-be-leaders”
& ensure a stable pipeline of future leaders is what needs to be done.
Change is the only
constant and it is happening fast, and many companies don’t have multiple
layers of management expertise to deal with such issues as compare to emerging competition,
digitization, globalization, technological advances and continuously developing
business models.
According to the DDI
Global Leadership Forecast 2018, when the top leadership was asked to name
their biggest challenges, 64 percent executives said, “developing next generation
leaders.”
Organizations must
improve the mechanism of selection & developing future leaders. Due to
intensive changing nature of today’s work & environment, the past behavior of
someone is not good indication of future expectations. Different tools that are
used to get insights into a leader’s present behavior i.e. feedback tools,
discussions, interviews etc. needs to be updated or changed entirely when it
comes down to gauge the ability to deal with problems. Organizations needs to
adapt futuristic approach to get better prediction about leadership qualities
e.g. putting next line of leadership into different simulations related to different
business cases. New technology demands new ways of learning. It is becoming
very critical that organizations ensure personalized but relevant learning
opportunities with pure focus on business context are made available to employees.
Only an effective leadership development program can help an organization
achieve its business goals and financial success.
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