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A strong call for improvement in developing leaders
The Leadership Development Survey conducted by Borderless Research℠ captured insights from close to 1,000 senior executives across a range of industries. The high rate of response and depth of feedback demonstrate that leadership development is of high relevance and is considered a key enabler of business strategy and growth.
The Borderless perspective
The level of satisfaction with the effectiveness of and investment in leadership development is low, suggesting that either too little effort is made by organizations to establish leadership development programs or that what has been established fails to meet the expectations of executives.
“In prioritizing all of the elements that go into building a successful business, it would seem that many corporate heads consider leadership development to be a low priority ‘nice to have’ instead of a strategic imperative,” says Niels-Peter van Doorn, Head of Leadership Consulting at Borderless.
While most argue that effective leadership is necessary to achieve positive business results, the lack of focus on development suggests that leaders are expected to possess all essential leadership skills innately. This is reflected in corporate in the trend to “hire in” senior executives instead of growing and advancing executives from within. “Over-reliance on external hiring can frustrate and demotivate teams, and could consequently exacerbate internal organizational challenges,” Niels-Peter cautions.
To that end, Borderless offers the following six recommendations to establish robust leadership development programs: