KEY TAKEAWAYS FROM THE LEADERSHIP RESEARCH
LEADERSHIP DEVELOPMENT PROGRAMS RISING
By Bruce Sevy, Ph.D., Managing Director, GrowthPlay Analytics
For the past six years, we’ve tracked key markers of the state of leadership development: the proportion of organizations who report having a formal leadership development program and the specific components comprising those programs.
The six-year trend toward formal leadership development could not be more clear. Over the years, we’ve seen a steady and significant increase in the proportion of organizations who report having a formal leadership development program.
At the beginning of this decade only half of survey participants reported having such a process. For the last two years, the proportion has hovered in the low 80s. This is very good news and clear evidence that more and more organizations value leadership and are willing to invest in developing their leaders.
TOP 10 GREATEST CAUSES OF LEADERSHIP DERAILMENT
1 LACK OF TEAMWORK/COLLABORATION Lack of team orientation; Driven by personal ambitions versus team success; Not cultivating network
2 INSUFFICIENT TRAINING/DEVELOPMENT Failure to unleash talent; Lack of commitment to learn; No formal training process; Lack of focus from top management
3 EGO/ARROGANCE/MICRO-MANAGEMENT Failure to recognize/reward team for success; More interested in themselves than their reports
4 NO CLEAR STRATEGY/VISION Not developing/executing strategy; Behaviors that conflict with organizational values; Business acumen
5 LACK OF LEADERSHIP QUALITIES Failure to lead/develop/inspire/engage; Lack of dedication to employees
6 INABILITY TO CHANGE Lack of innovative thinking; Failure to adapt; Lack of flexibility
7 POOR LEADERSHIP SELECTION Lack of hires with good leadership skills; Poor job alignment
8 LACK OF TRUST Lack of trust, integrity, loyalty; Betraying trust
9 EMOTIONAL INTELLIGENCE/SELF AWARENESS Inability to make hard people decisions; Lack of effort for self-development
10 INABILITY TO DELIVER RESULTS Lack of prioritization, time management, accountability
HOW WE RANKED THE BEST COMPANIES FOR LEADERS
The following five criteria were considered in evaluating companies.
1 Having a formal leadership process in place
2 The commitment level of the CEO to the leadership development program as measured by the percent of time spent
3 The depth of the leadership funnel as measured by the percentage of senior management positions filled by internal candidates as well as the percentage of middle management
positions filled by internal candidates
4 The number of other companies that report recruiting from the company being evaluated
5 A shareholder value performance metric based on 10-year growth or decline in market capitalization