Developing Leaders for the “New Normal”

 

As we enter the second stage of work transformation as a result of global disruptions due to the COVID-19 pandemic, businesses and leaders need to start really thinking about what they will do to develop leaders in this ‘new normal.' What had been previously seen and expected in leadership and management practices must be adjusted, re-learned, or tossed to better fit the working and living conditions we have today. New leadership needs to focus on how to lead a distributed workforce, how to appreciate and capitalize on new global opportunities, and how to lead with human capital leadership skills (empathy, emotional intelligence, and autonomy management).

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Leadership Development Program

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Over the years, organizations have dedicated time and money to improve their managers' potential and nurture new leaders. US-based companies spend approximately $14 billion every year on leadership development. Executives rank leadership improvement as one of their top three current and future priorities.

In today's business environment, many organizations acknowledge that leadership development programs play a critical role in improving performance, engagement, and profitability. However, some leaders say that despite their efforts to enhance leadership growth, their companies fail to exploit many business opportunities.

For your organization to succeed, you need a successful leadership team with exceptional skills to lead other employees and sustainably drive organizational growth. By implementing a leadership development program, you can identify individuals who can lead the organization and nurture them to perform leadership duties efficiently and effectively.

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