Failing to measure results - Deepstash

deepstash

Beta

Get an account to save ideas & make your own & organize them how you wish.

deepstash

Beta

Why leadership-development programs fail

Failing to measure results

Many companies understand the importance of developing leadership skills but do not quantify the value of their investment.

Evaluation of leadership development can include:

  • Participant feedback that includes set targets.
  • Assessing the extent of behavioral change. Perhaps by a feedback exercise at the start of the program and again 12 months later.
  • Monitoring of participants' career development after the training.
  • Monitor the business impact. It might include cost savings or increased sales. Or, comparing the average productivity of participants' teams before and after a training program.

107 SAVES


This is a professional note extracted from an online article.

Read more efficiently

Save what inspires you

Remember anything

IDEA EXTRACTED FROM:

Why leadership-development programs fail

Why leadership-development programs fail

https://www.mckinsey.com/featured-insights/leadership/why-leadership-development-programs-fail

mckinsey.com

5

Key Ideas

Leadership Development

Leadership development is viewed as a current and future priority. Despite efforts to produce and nurture new leaders, only 7 percent of senior managers think that their companies develop global leaders effectively. Around 30 percent of US companies admit that they lack enough leaders with the right capabilities.

Overlooking context

Many training initiatives assume that the same group of skills or leadership styles are suitable without considering the strategy or organizational culture of a company.

An excellent leader in one situation does not necessarily perform well in another. Focusing on context means equipping leaders with two or three competencies that will make a distinction to performance, rather than a list of leadership standards that is of no specific benefit.

Separate reflection from real work

Companies face a challenge when it comes to planning the program's curriculum.  Adults typically retain only 10 percent of what they hear in classroom lectures, but nearly two-thirds when they learn by doing. 

The answer seems straightforward: tie leadership development to real on-the-job projects. While it is not easy to create opportunities that simultaneously address high-priority needs, companies should strive to make every major business project a leadership-development opportunity as well.

Underestimating mindsets

Becoming a more effective leader means addressing and changing underlying mindsets. It often requires identifying some of the deepest thoughts, feelings, assumptions, and beliefs that are too often sidestepped in development programs.

For example, successful adoption of the value of delegation and empowerment is unlikely if the program participants have a “controlling” mind-set.

Failing to measure results

Many companies understand the importance of developing leadership skills but do not quantify the value of their investment.

Evaluation of leadership development can include:

  • Participant feedback that includes set targets.
  • Assessing the extent of behavioral change. Perhaps by a feedback exercise at the start of the program and again 12 months later.
  • Monitoring of participants' career development after the training.
  • Monitor the business impact. It might include cost savings or increased sales. Or, comparing the average productivity of participants' teams before and after a training program.

SIMILAR ARTICLES & IDEAS:

“The biggest risk is not taking any risk. In a world that is changing really quickly, the only strategy that is gu..."

Mark Zuckerberg, CEO of Facebook
Skills Needed In Digital Leaders
  • Work together, complement each other, and function as a team.
  • Able to operate on and enable environments that are more dynamic, team-centric, and connected.
  • Lead and build teams and partner with the broader ecosystems, keep people connected and engaged, and drive a culture of innovation, learning, and continuous improvement.
  • Lead a workforce that includes contractors, the contingent workforce, and crowd talent.
  • Understand how different business functions, industries, and technologies come together to form solutions.
  • Comfortable and competent with risk-taking.
Demographics And Leadership Destiny

Millennials expect to be developed via opportunities, mentoring, and stretch assignments. However that is hard to come by in top-heavy companies. 

Most millennials think their roles provide little development while most companies report they have excellent or adequate programs for Millennials.

5 more ideas

Understand Your Performance Evaluation

Find out if your performance evaluation is according to what you understand. Identify your goals and key performance indicators with your manager, and discuss accordingly.

Solve your Blind Spots

Ask for feedback, learn from it and adjust your performance (or behavior) according to the areas of improvement that you get to know from others.

Example: After giving a presentation, talk about what went well and ask if there is something that you could have done better.

Keep a Journal

Keeping a journal with a record of your learnings and feedback (areas of improvement) can keep us on the right path, and speed up our progress, and learning too.

Listing out 5 or 10 areas of improvement and tracking the progress in weekly or monthly reviews is a great way to develop your career.

3 more ideas

Managers vs. leaders

While managers' objectives include providing a more stable organization of the enterprise as a whole, leaders are more driven by the idea of setting new and challenging directions, that coul...

Overconfident leaders

Nowadays, we tend to believe that individuals showing too great self-confidence behave this way mainly because they are more qualified than others to get a leadership position. 

However, it is often soon afterwards that we come to realize that those very same persons are not competent enough, but only rather narcissistic.

A successful leader

Successful leaders do not only have to work hard, but they should also bear in mind the importance that a motivated team can have in the company's growth. 

Moreover, enterprises that encourage the development of their own young employees to positions of leadership get to know profit for longer periods of time.

one more idea

Curiosity leads us to generate alternatives
Curiosity leads us to generate alternatives

When our curiosity is triggered, we are less likely to fall prey to confirmation bias (looking for information that supports our beliefs rather than for evidence suggesting we are ...

Curiosity and innovation

Encouraging people to be curious generates workplace improvements.

When we are curious, we view tough situations more creatively. Studies have found that curiosity is associated with less defensive reactions to stress and less aggressive reactions to provocation.

Reduced group conflict

Curiosity encourages members of a group to put themselves in one another’s shoes and take an interest in one another’s ideas rather than focus only on their own perspective.

Thus, conflicts are less heated, and groups achieve better results.

one more idea

Agile leadership

Focuses on fast decision making, short-term goals, and the empowerment of individuals

And it has expanded to include general leadership skills like acting on a shared vision, le...

The 2 elements of the servant leadership
  • Vision: Creating a shared vision is the leadership part of servant leadership;
  • Implementation: Helping people implement that vision is the servant part of servant leadership.

Agile leaders are servant leaders.

Situational Leadership® II (SLII®)

It's a servant leadership model taught by The Ken Blanchard Companies, based on the belief that leadership style should be tailored to the situation

This kind of flexibility is a key principle of agile organizations.

one more idea

The Conscience of an Organization

Certain organizations have the capacity to transform themselves, if the leader who is in charge, has the vision and the will for it.

It's not very often that short-term profitability and a se...

The Power of One

A leader with clarity of conscience and a readiness to speak up can make a difference, and contribute to the greater good of humanity.

Cultural change can be made possible even if a middle-level or lower-level manager puts together a radical vision and gathers momentum from his peers.

Sequential skill development

Taking challenges continuously, big or small, contributes to your 'challenge taking' skill-building, preparing you for bigger milestones in the future.

The skills that are built, eventually operate in different areas, sometimes in unplanned and unanticipated situations. 

3 more ideas

4 kinds of behavior
4 kinds of behavior

... account for 89 percent of leadership effectiveness:

  • Solving problems effectively;
  • Operating with a strong results orientation;
  • Seeking different perspectives;
Effective problem solving

Problem-solving - when information is gathered, analyzed, and considered. 

Difficult to get right, yet this process is a key input into decision making, for both major issues and daily ones.

Results orientation
Leadership is about not only developing and communicating a vision and setting objectives but also following through to achieve results. 

Leaders with a strong results orientation tend to emphasize the importance of efficiency and productivity and to prioritize the highest-value work.

2 more ideas

The future workforce
The future workforce

In the future, change is the only certainty.

Workers, employers, and education providers need to be agile, flexible and prepared to adapt as technology continues to interrupt industrie...

Education vs training

Until two decades ago, the general goal of colleges was for academic pursuits and teaching individuals to become more well-rounded. The general thought was that colleges were not vocational institutions.

Now, and possibly in the future, colleges will have to focus more on training and change their curriculum to meet the demands of employers.

Alternatives 

A four-year college education remains the best choice for those who can get admitted to a selective university. But for everyone else, an alternative path might be the best way to go.

In the future, one training path will be company-sponsored apprenticeship programs to cover the skills missing between the secondary system and what employers are looking for.

4 more ideas

Same fundamentals
Same fundamentals

The leadership development industry is thriving. There are many new and exciting ideas with hundreds of books written about leadership every year.

But even though organizations have become ...

Classic leadership practices

The best leaders with the most impact almost always use six classic fundamental practices:

  • Uniting people around an exciting, aspirational vision;
  • Building a strategy for achieving the vision by making choices about what to do and what not to do;
  • Drawing and developing the best possible talent to implement the strategy;
  • Relentlessly focusing on results in the context of the strategy;
  • Creating ongoing innovation that will help reinvent the vision and strategy;
  • Growing yourself so that you can most effectively lead others.
Leo Tolstoy

“Everyone thinks of changing the world, but no one thinks of changing himself.”

Leo Tolstoy
About change

Organizations don’t change. People change. Many companies move to change systems and structures and create new policies and processes but fail to address the underlying mind-sets and capabilities of the people who will execute it.

A new strategy will fall short of its potential if they fail to address the mental attitude because people on the ground tend to continue to behave as they did before.

Looking both ways

Companies that only look outward in the process of organizational change, and dismiss individual learning and adaptation make two common mistakes:

  • They focus solely on business outcomes and fail to appreciate that people will have to adapt to implement it.
  • They focus too much on developing skills. 

9 more ideas