Five Compelling Reasons to Invest in Leadership Development

Leadership Excellence

Companies and individuals have a tough time justifying the cost of leadership development. They find it hard to point to immediate quantifiable benefits.

In most cases, people hesitate to make this investment because they don’t understand leadership. They think leadership is only for the handful of executives at the top.

I have even heard owners of small companies say: “I am the leader, why do we need to train anybody else?” Then they can’t understand why they work 80 or 90 hours a week and never seem to get anywhere. How sad is that?

The fact is, improving leadership skill of everyone in the organization has enormous benefits. The best companies boast about their great leadership at all levels of the organization.

Here are a few of the benefits resulting from leadership development.
1. You are able to attract and retain higher quality people.
2. You experience consistently high morale.
3. You are more productive.
4. You are more innovative.
5. You are more profitable.

Over the next few weeks I will delve into each of these benefits in more detail and explain how leadership impacts each of them.

You’re in Charge Now – What Next?

Leadership Excellence Trust

Being thrust into a leadership role can be one of the most frightening experiences of your career.

 

Many organizations groom prospective leaders to take on bigger responsibilities.  They test their prospects with leadership roles throughout their career.  But, more often than not, you are thrust into leadership roles unexpectedly and without warning.

 

If you are like most first time leaders, you have not received  leadership training or coaching.

 

Mistakes to Avoid

After getting over the shock, you are struck with what to do to begin to build the confidence and trust of your team.   Many new leaders make the mistake of believing they need to know everything and have ALL the answers.

 

They also fall into the trap of believing they need to behave like their predecessor.  Many of the best leaders build on their own unique leadership style.

Don’t Panic

But there is no reason to panic, as one of the ways the more successful leaders build rapport and trust is to meet with their team.  They meet as a group and one on one.

And, the smart leaders use these meetings to discover what is on the minds of the people you are now leading.  In addition, they gather ideas team members have for achieving organizational goals.

Path to Success

Your success as a leader will be dependent upon the buy-in and degree of ownership your team has in the strategies you implement.  Your team will be much more accepting of you and your strategies if they believe they have contributed to the development of these strategies.  They will support you if they believe they have been listened to and that their ideas have value.

 

In addition, a side benefit of these meetings is that you will have a chance to evaluate the members of your team.  You can begin to determine who you can count on to play critical roles in the execution of your strategies.

Your Leadership Style

Do you know your unique leadership style?  If you would like a free assessment send an email to info@truleadership.com and put “leadership style” in the subject line.  I will send you a link to a leading leadership profile assessment tool, at no cost to you.

If you want to learn about leadership styles from a variety of leaders in a diverse set of industry groups, check out my book:  “A Garage Full of Ferraris: How to unleash the potential in your high-performance teams to drive extraordinary results”