For Lockwood, Nancy R.
Publication: HRMagazine
Abstract
Linking the development of leadership at the organization’s mission and strategic goals is a smart strategy. Times change – and the changing nature of leadership – requires a strong commitment to the development of future leaders. The success of firms to maximize their investment in human resources
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capital by developing leadership potential throughout the organization with integrated programs that emphasize values, core competencies and skills, knowledge management, succession planning, and mentality of success. With the collaboration of leadership in taking the stage as the new paradigm in today’s global marketplace, organizations that strategically focused on strengthening leadership capacity for the future, reap the benefits in years to come.
Introduction
“Many organizations continue to jump from one quick fix to another, without ever stopping to really understand the issues of leadership and the changing dynamics are at work on the market. ” (1)
In the evolution of time, effective leadership is key to success. With the impending retirement of the baby boom generation, changing demographics and limited resources, leadership development is rising to the top as an organizational priority. Business investment in leadership development in 2000, for example, was estimated at 50 billion dollars. At the same time, a new paradigm is emerging, moving authority and the leadership position of leadership power of collaboration and knowledge power. (2) and agencies are increasingly under pressure to show return on investment in training and development. In view of business needs, the SHRM 2006 Strategic Management of Human Resources Investigation Report highlights that 74% of HR professionals perceive leadership development as one of the main areas where human resources can make a contribution Strategic. (3) From a strategic point of view, therefore, HR is ideally positioned to pave the way to encourage the talent of future leaders.
Linking leadership development to business success
Leadership development is defined as formal and informal training and development designed for the overall management and executive-level employees to help develop leadership skills and styles to cope with a variety situations. (4) Increasingly, organizations are linking leadership development with business value and success. A recent study found that most agencies to developing leaders, the greater the financial success. (5) When linked to organizational strategy, leadership and development of leadership skills to effectively support profound long-term change. (6) However, according to a recent survey of world leaders accountable for leadership development, leadership development must be aligned with the business of the body before its value can be determined. At Colgate-Palmolive Company, for example, leadership is governed by three core values – care, continuous improvement and global teamwork – and the company carefully monitors how development is in harmony with its model and business goals. (7)
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