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There's a lot of talk about the importance of developing leaders to ensure an organization's continued success. Some businesses send people they have identified as future leaders through cutting-edge, off-site programs, such as the Gettysburg Foundation's In the Footsteps of Leaders Executive Program. (SHRM Online)Other companies ask employees with leadership potential to work on projects of their choosing that create value for the company, while still others send aspiring leaders to executive education courses. Whatever method your organization uses, take time to evaluate its success and consider whether it aligns with the organizational strategy and needs. Maybe it's time for a different approach. What Makes A Leadership Development Strategy Successful? A recent Deloitte study found that half of executives believe their companies are not ready to meet today's leadership needs. Many companies are responding, last year spending $31 billion on leadership development programs. Jesse Demmel, vice president of platform engineering at Under Armour, rewrites an old adage: "Some leaders are born. Many are made." But not all attempts to "make" leaders are created equal.(Forbes) Why Leadership Development Isn't Developing Leaders The mismatch between leadership development as it exists and what leaders actually need is enormous and widening. What would work better? (Harvard Business Review) Your Leadership Development Program Needs an Overhaul Most companies make big investments in leadership development, rolling out intensive internal programs for high potentials, sending key leaders off to expensive executive education programs, or hiring personal coaches for those moving into key positions at the top of the company. But in our experience, this traditional approach to leadership development doesn't serve the needs of companies anymore. Business is moving too fast. Here's what we've learned from three pioneering companies about how to identify, grow and retain leaders to meet today's demands. (Harvard Business Review on SHRM Online)[SHRM members-only platform: SHRM Connect]Developing the Next Generation of Leaders: Trends and Truths About the Future of Leadership DevelopmentLeaders will need to be ready and have the relevant skills for what organizations will confront over the next five to 10 years and beyond. This responsibility will be significantly shaped by 10 trends and truths about the future of leadership development. (SHRM Online)Re-Think Leadership Development to Ensure Initiatives Support Organizational Strategy For leadership development initiatives to be truly effective, they should align with an organization's corporate strategy. However, such programs tend to focus more on the individual than on how to benefit the organization, according to research from the Society for Human Resource Management.(SHRM Online)8 Simple Ways to Become a Better Leader Business News Daily asked CEOs, managers and leadership experts for their best advice on becoming a better leader. (Business News Daily)
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