Corporate leadership development programs aren’t working. Less than a quarter of executives at the organizations that have them think they’re effective. Evaluations of managers at thousands of corporations suggest that 72% have what it takes to grow into C-suite roles. How can we bridge the gap between this raw talent and executive success? By following four steps:
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Determine the most important competencies for leadership roles in your organization.
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Assess employees’ potential by looking at the five predictors associated with success – motivation, curiosity, insight, engagement and determination.
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Map people’s potential to the competencies required in various roles.
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Give emerging leaders the opportunities, coaching and support they need to strengthen the critical competencies.
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Related: "The Board's New Innovation Imperative"
Originally published in Harvard Business Review, October 23, 2017. Read the full story here.