In a complex business landscape, companies hire leaders who are skilled at charting a course for them. Given the need to develop highly inspirational leaders, leadership development has become a key part of organizations’ growth trajectory and sustainability. In the era of digital-driven business, it has become imperative to support accelerated transformations to maintain business profitability. Companies that invest in leadership learning often see improved organizational performance and reliability.
Organizations looking to achieve strong business growth go beyond short-term approaches to leadership development. Skills enhancement, which has become a crucial part of modern-era talent management strategy, helps leaders and managers improve their performance and prepare them for leadership roles. According to statistics, the World Economic Forum predicts that investing in upskilling and reskilling the global workforce will increase global GDP by $6.5 trillion by 2030. This clearly indicates that organizations will spend more to hone their talents in the years to come.
Why do conventional leadership development programs fail?
In the typical conventional leadership development program, high potential leaders are sent to B-School training for a week or two classes. Organizations spend huge sums on outdated training methods that are usually completed without any real-time application or post-evaluation. As a result, leaders equip themselves with several growth ideas and contact books. However, they fail to implement them as a business strategy.
The human brain learns when it practices. Likewise, leadership development cannot be successful if it is not integrated. Nurturing the mind of a leader requires filling the gaps in conventional leadership development programs traditionally equipped with trainer scripts and rigid assignments.
Design a strong leadership development program
Upgrading skills is a long-term and thoughtful investment strategy. It increases knowledge, skills and competencies to make tomorrow’s leaders. Along with professional benefits, upgrading encourages personal growth and increases employee engagement. However, determining what to include in a strong leadership development program can be complicated with the rise of Industry 4.0.
To navigate the changes and challenges of the future world, organizations must embrace powerful integrated leadership development for employees at all levels. The focus of these programs should not simply be on improving their goal setting and tracking process, but rather should focus on achieving goals and creating value. There should be a convergent approach with clear design elements of responsibility, interaction, impact and sustainability.
Beyond that, companies need to take an integrated approach to leadership development to achieve their goals. It should be equipped with design elements to develop essential leadership skills, create opportunities to apply skills immediately, and receive critical feedback on application. These can be a powerful experience for leaders and managers to achieve their goals on a much higher level.
Real-time skill application
Unlike conventional leadership development programs, integrated professional development offers learning as well as opportunities for implementation in real work situations. This helps leaders effectively develop their skills while understanding the relevance of the program. In new era development programs, leaders can simply apply the newly learned skills in their workflow, practice them while learning and gaining a strong hands-on mindset.
Instead of focusing on imparting knowledge, integrated professional leadership development programs help leaders improve their skills and apply them in daily work flow. It fills age-old gaps in professional learning and practical application, resulting in improved performance and first-hand experience. This creates a win-win situation for leaders as well as organizations through improved skills and improved business performance.
Technology is known to provide exciting ways to personalize leadership journeys. To achieve powerful results, technology-enabled professional learning platforms integrate company context, leadership expectations, and work culture, providing a personalized way to improve skills. Additionally, leadership aspirants can take advantage of immersive learning that provides an unprecedented ability to practice real-world scenarios and experience hands-on growth.
Additionally, technology augments professional learning and leader development with a focus on personalized training programs. For example, learning leaders can emphasize succinct training that learners can complete at their own pace. Additionally, their performance can be tracked with management consoles that can showcase leaders’ weekly progress" efficiency.
The Modern Age Leadership Program can help hone talent. They are effective in facilitating conceptual learning anytime and anywhere, enabling on-the-job application to achieve targeted performance results, and ultimately tracking progress on performance results. Organizations must take an integrated approach to leadership development integrated with modern technologies that automate all or most of these program design elements to improve the skills of leaders in the workflow.
The opinions expressed above are those of the author.
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