In today’s competitive world which is characterized by the phenomena of VUCA/BANI, it is not surprising that organizations with poor leaders perform poorly. It is also not surprising that organizations with average leaders are substantially outperformed by those with outstanding leaders. The collection of skills that make this difference is also not surprising. Effective leaders and leadership competence are important for the success of any organization. This is because leaders can build strong teams within a business and ensure business initiatives deliver the desired results. All organizations look forward to have the best possible leaders within their teams. Employees have observed the results of both efficient and inefficient leaders on the job. Good leadership is always contagious and keeps inspiring team members to achieve more. Hence it is highly desirable that leadership competence through leadership competency development is sustainably done. Leadership development is the process of enhancing an individual’s ability to perform in a leadership role within an organisation. Leadership roles are those that help an organization’s strategy be carried out by fostering alignment to vision and mission, gaining mindshare, and developing the talents of others.
Why Leadership Development Program is important?
Multiple studies found that the more a company focuses on internal leadership, via leadership development programs, the better it performs meeting its business objectives. Additionally, through management development and leadership training, an organization achieves enhanced financial performance, is able to attract and retain talent, drive the strategy execution efficiently and sees increased success in managing change. Focusing on the importance of corporate leadership development in your organizational strategy can thus positively impact other organizational objectives.
