Why your old leadership development initiatives aren’t cutting it: backed by research
By: Ryan Maha | Originally Posted on October 5, 2018
Traditional leadership development is outdated. Leadership bestsellers, seminars, and two-day retreats do not fit the needs of next generation of leaders. These tactics reinforce nugget-a-day improvement instead of building the muscle memory habits and skills necessary to make decisions at an executive level.
Approximately 14 billion dollars were spent on leadership development in the US in 2012. Although this number may seem high, the alarming truth is that executives do not feel as if they are seeing the return on this investment. Only 1 in 4 executives feel that the training programs they have put their employees through have impacted their performance. More money is spent on leadership development than any other area of corporate learning, yet 71% of companies do not feel their leaders are able to lead their organization into the future.
If there is this big of an investment of resources into this area, how is it that companies continue to miss the mark when it comes to their return on investment?