Why develop just high potential leaders?
"For CEOs and their senior management teams, programs designed for “high potential” leaders in their organization are seen as a crucial component to help alleviate the management shortage that many companies across all industries may soon face." That's the opening from a news release from RHR International's Institute of Executive Development. Here are some key findings.
"80% of respondents have high potential development programs
A third of those programs have been in place less than two years
15% of respondents are in the process of designing programs"
If I read this right, only 5 percent of the companies surveyed aren't setting up a program for developing high potential leaders. Most of those programs are new. How much money and time and HR and management talent is all of this taking?
suspect that a lot of these programs are a colossal waste of money and energy and concentration. We don't need a separate, special, designed by high-priced consultants, ten-years-in-the-making program to develop high potential leaders. If we've got a solid leadership development program, the high potential folks are pretty easy to spot.
And high potential leaders aren't the only leaders we need to develop. We need to be selecting people wisely for their first leadership positions. We need to be helping leaders at all levels grow and develop.
Go to GE's corporate web site. You'll find 41 leaders listed there under the heading "Executive Leaders." That’s probably less than the number of supervisors in the average GE plant. High potential leadership points toward a limited number of spots for a limited number of people.
But in every company, every day, first line supervisors and middle managers show up for work and make the company go. They're the ones in touch with the people who crank out the products, answer the calls and touch the customers. They need support, too.
I'm all for identifying high potential leaders and helping them develop. That's a good thing. But it shouldn't happen at the expense of leaders across the company at all levels. If your high potential program is funded at the expense of supervisory skills training for front line supervisors, you're making a bad choice.
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Bingo. The most powerful statement in this terrific post is this: "But in every company, every day, first line supervisors and middle managers show up for work and make the company go."
Not only does it point to the heart of the work being done in our organizations, in many of them, it emphasizes the limit to the value - even the influence - of so-called top-tier leaders.
Moreover, your stats at the beginning of the post point to this being just another newly-launched bandwagon, with firms scrambling on board in order to impress their constituencies, or themselves.
Thanks for a thought-provoking and powerfully written post!
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Some companies like to hire leadership speakers to give talks to the all the leaders in the company as a whole. While this has an effect of boosting morale, it wears off quite soon if there is no follow up action. Leadership training needs to be in the culture of the company in order for good leaders to be groomed at all levels.
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Thanks, Daniel. There's some good research that suggests you're more likely to get a result from what you hear in a speech, if you pick one thing to concentrate on when you return to work and set up an accountability partnership with someone else.
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