Are You Developing Your Leaders? [1]

Borderless offers six recommendations to establish robust leadership development programs:

• To build leadership programs, a balanced approach that focuses on business acumen and soft skills and understanding the interrelationships between these two elements is required.

• Top execs must be involved in leadership development, and accountability for it should be held by the CEO. 

• Organizations must accelerate the development of less experienced executives to fill the emerging leadership gap, accentuated by aging executive populations in many “traditional” industries. 

• Effective leadership development programs must be grounded in real-life challenges. 

• Job rotation, which has the added advantage of creating higher levels of understanding and cooperation between functions, deserves higher priority if organizations are to develop executives with broad-based general management skills. 

• If leadership development drives profitability and growth, then active engagement in leadership development should never be optional.

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