The Deloitte’s “Global Human Capital Trends 2016” report (page 27-33) show an overwhelming conclusion:
- “The leadership challenge is urgent and growing in importance.”
- “89 percent of companies see leadership as an important or very important issue (up from 87 percent in 2015)”
- “57 percent cite leadership as very important (up from 50 percent)”
- “28 percent of respondents reported weak or very weak leadership pipelines”
- Over 50% stated that their organizations lack leadership
- Over 20% (more than one in five) companies have no leadership development programs
In 2015, companies spent over $31 billion on leadership development programs. Yet, only 40 percent believe that their leadership development programs provide some value. 24 percent said that their leadership development programs provided no value at all.
The report cited several reasons why corporate leadership development programs are ineffective:
- Most leadership programs are evaluated by “smile checks”, which is based on how the participants enjoyed the program, the instructor, and unbelievably the food.
- A shift from a structured hierarchy to a flatter organization, which requires leaders who can lead at all levels of the company.
- A shift from positional leadership to transformational leadership, in which leaders can inspire, coach, and attract great people.
No wonder the report put the theme as “overwhelmed leader”. However, it does open an excellent opportunity for aspiring leaders who are willing to take the initiative to develop themselves as leaders.
Several components of effective leadership you should consider:
- Leadership development is a process. Leadership grows with the leader. In other words, leaders are learners. Once you stop learning, you should stop leading.
- Trust is the foundation of leadership. People follow leaders who they can trust and respect. You must constantly upgrade your characters and leadership to stay on top. People won’t follow you if you are a weaker leader than they are.
- Take a closer look at your inner circle. You must surround yourself with people who not only can lift you up but also can compliment your weaknesses.
- Lead by example. People always watch your behavior closely. They won’t follow your words. They will follow your actions.
- Cultivate a winning mindset. No one follows a loser.
- Who will succeed you when you leave? As highlighted above, organizations are struggling with leadership because of succession. Without developing someone to replace you, you will be stuck in your current position.
Invest in yourself to make yourself a better leader. As Jim Rohn taught: “learn to work harder on yourself than you do on your job… The book you don’t read can’t help you; the seminar you won’t attend can’t change your life. The business gets better when you get better. Never wish it was easier, wish you were better.”
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About the author: Hoan Do is a certified leadership coach with John Maxwell Team. Hoan have led multiple teams at Symantec Inc. across the globe delivering world-class solutions to protect consumers and businesses. Hoan is an expert in building highly performing teams. He believes that the best leader is the leader that could grow his followers to be leaders. Hoan has been organizing mastermind groups at work to share with other leaders about transformational leadership and coaching. He has trained many leaders both inside and outside Symantec via mastermind groups, workshops, and one-on-one coaching. Hoan perfected his own method “think and lead rich” to start leaders with the right mindset before equipping them with a complete leadership development solution.
If you are curious about the above method and how you can apply it to your life successfully, open your email and send me an inquiry at firstname.lastname@example.org