How to Identify and Develop Your Future Leaders
June 1, 2021
Investing in leadership development can be a game changer. Deloitte's “high leadership maturity” organizations are five times more likely to be highly effective at anticipating and responding to change. According to research by the Center for Creative Leadership, 86% of organizations with strategic leadership development programs were able to respond quickly to unpredictable business environments, compared to 52% of organizations with “less mature” programs.
Yet despite the fact that success in Industry 4.0 will require agile, flexible, innovative leaders (and equally agile, flexible, and innovative organizations), 38% of high-growth company executives surveyed by Mercer identified “the thin leadership pipeline” as their top human capital risk. And only 14% of respondents in DDIs 2018 Global Leadership Forecast believed their organization had a strong pipeline of tomorrows leaders.