Organizations have always paid significant attention to the development of their leaders, and yet, only 41 percent of organizations actually believe that their leadership development programs are effective. Only two in five organizations are developing leaders in a way that they feel tangibly benefits the business.
Leadership Development Programs Require Improvement
Organizations indicate low effectiveness of existing leadership development programs at all leader levels, but the problem is most acute with respect to high-potential leader development programs. While the vast majority (90 percent) of organizations have programs aimed at high-potential and emerging leaders, leadership development efforts are simply not succeeding. Organizations are not focused on the right leadership competencies nor are they using the most effective development strategies or content modalities for these learners, who are just beginning their leadership journeys. Developing leaders require a broad foundation that can equip them to meet current responsibilities as well as future challenges.
Why Leadership Matters
Lack of effective and scaled training and development for emerging leaders results in poor quality leadership. With little preparation for managing and leading, it is easy for ineffective leadership behaviors to take hold early—at a high cost to the business, since research indicates that poor leadership practices cost companies an amount equivalent to approximately 8 percent of annual revenues. At the same time, the benefits of effective leadership are also significant. Studies indicate that:
- 32 percent of an organization’s employee turnover can be avoided through better leadership
- Better leadership can generate a 3-4 percent improvement in customer satisfaction
- Better leadership practices could eliminate 5-10 percent productivity drag
The Changing Nature of Leadership
With the continued flattening of organizational structures, business professionals are no longer constrained by the limited, traditional hierarchical pathways into functional leadership roles. Today, leadership is much more distributed across organizations and we are witnessing companies in every industry increasingly embrace the value of flat and agile structures comprised of deeply collaborative, cross-functional teams. The implication of this is that individuals will be stepping into leadership roles much earlier in their careers compared to previous generations and they will lead in an era of digital transformation.
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Reinventing and Democratizing Leadership Development
With the changing nature of leadership, leadership development must be democratized. Democratization of leadership development allows individuals to become leaders in the moment of organizational need. Mass-access leadership resources, leveraging the best that educational technology can offer, are a powerful solution to support learners as they embark on their leadership development journeys. Organizations can no longer afford to be as selective as they have in the past regarding providing employees with an understanding of what it means to be an effective leader and how to get there.
The Skillsoft Leadership Development Program
The Skillsoft Leadership Development Program addresses the changing way in which organizations need to develop their leaders by providing a scalable, cost-effective, and engaging leadership development experience designed for the modern, digital learner.
The courses support the following new competencies for leading in the digital economy, including:
- The Agile Leader: Perseverance and Flexibility
- Leading Virtually
- Leading Innovation
- Leading Through the Challenge of Change
- Embracing Diversity in Leadership
- Leading with Digital Technology
- Leading Through Disruption
- Leading a Customer-Centric Culture
- And more
A unique learning design and scenario-based pedagogy set the Skillsoft Leadership Development Program apart in the market. Skillsoft’s unique approach leverages a common set of characters throughout the curriculum, including a “leader mentor.” Through compelling drama and pragmatic storytelling, Skillsoft models the critical human-interaction elements of leadership and demonstrates effective implementation strategies within the team context, allowing learners to tie learning to on-the-job leadership behaviors.
Learners also benefit from a wide array of tools and application resources, including reflection questions, knowledge checks, post-course assessments, facilitation guides, leader-led activities and exercises. Additionally, close to 800 carefully curated video-based assets, books, book summaries, audio books, and expert-authored content extend the learning. Skillsoft curates new assets into the offering weekly. to keep the learning fresh and current.
“The most successful organizations today are transitioning from hierarchal and siloed leadership practices to a mode of collective leadership which requires agile collaboration and distributed decision-making across teams,” said Cushing Anderson, Program Vice President, Business Consulting and IT Education at IDC. “As a result, organizations need to reinvent how they train their leaders and their workforces to align to this change. Skillsoft’s new Leadership Development Program leverages a unique scenario-based approach to leadership training which puts the learning in context by demonstrating leadership practices within the team construct. The Program also emphasizes the new required competencies such as agility, collaboration, and leading virtually.”
Leadership Development at all Levels
SLDP is designed to meet the leadership needs of the modern organization. With critical competencies for the digital age, it supports leaders at all levels, early in their careers, and through critical transition points in the leadership journeys. It ensures that even tenured leaders have access to key resources to support their development of emerging competencies required for the digital age.
With competencies on Leading Organizational Vision, Leading a Culture of Execution, and Thinking Strategically, the SLDP provides content from the top minds in business and leadership. The content is presented in a variety of formats to support the unique learning preferences of senior leaders.
Many organizations are simply putting women through the same leadership and managerial training as men without understanding or leveraging the unique challenges women experience or bring to the table. This is not an effective approach to developing women leaders.
Live and On–demand Events
Live Events offer learning opportunities for leaders at all levels. By leveraging live events, organizations can experience powerful external thinking available through a live learning solution. Organizations can cost-effectively complement and expand in-house leadership development programs as well as support “leaders teaching leaders” through the facilitation resources that are provided as part of this offering.