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.