- Without good leadership, organizations will suffer from lack of direction, missed opportunities, wasted investment, and increased competitive risk.
- Few organizations can articulate what they’re looking for in a leader. Without this consensus, an organization will find it challenging to objectively determine that it has what it needs to meet set goals.
- What good leadership means has changed over the years. Required leadership qualities today and in the future are increasingly being driven by globalization and complexity.
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Our Advice
Critical Insight
- Improving leadership capability is a top priority for both HR and the business alike. Out of 25 HR areas, HR and the business rank leadership development first and second respectively as a top priority for 2013.
- Good leaders have a significant impact on agility, employee attraction and retention, organizational alignment, and financial performance. Organizations desire effective leadership, yet many have failed to prioritize investment, implement effective development efforts, and secure their leadership pipeline.
- Establishing formal leadership competencies is the first step in both understanding what your organization needs and closing leadership gaps. Competencies lay a foundation for leadership performance expectations-setting, measurement, and development investment.
Impact and Result
- Make a business case for defining leadership competencies.
- Understand the core qualities of leadership.
- Identify leadership requirements based on business needs and conditions.
- Create measurable leadership competencies and associated proficiency levels.
- Assess current leadership capability and conduct a gap analysis against competency-based targets.
- Gauge the impact new leadership competencies will have on HR programs and processes.
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