An organization’s success and advancement depends on the growth of its people. Without strong leaders with a shared vision, you can’t expect your company to adapt, evolve, and thrive in a dynamic environment. You must invest in all of your employees, especially those who display ambition and potential for taking over leadership roles in the future.
One of the most powerful ways to invest in your people is to provide them with a leadership development program suited to their individual needs and your company’s needs. Let’s go over four key benefits of leadership development.
How Leadership Development Helps Companies
1. Building Confidence
Not all people are natural-born leaders. This is okay, as there are plenty of candidates who do wish to rise up and take on more responsibility within your organization. However, becoming a strong leader is easier said than done. You might find that some of your potential leaders, though they want to learn and grow, lack the confidence required to take the next step. This is where leadership development training comes in handy.
With the right coaching and guidance, emerging leaders can enhance their communication skills, become more adept at planning, gain valuable hands-on experience, and more. All of these efforts will help the confidence of your potential leaders and prepare them for whatever comes next.
2. The Leadership Development Domino Effect
Investing in leadership development is a holistic effort, meaning the benefits don’t only impact those who receive training, but also spread across your entire organization. Those who receive training can go on to express and teach their newly learned skills to others, enhancing your organizational culture as a whole. This domino effect may even inspire less ambitious employees to take on new responsibilities and continue the cycle of development.
3. Encourage and Cultivate New Ideas
Stagnation is a company’s subtlest and most sinister enemy. Oftentimes, this lack of vitality stems from a lack of new leadership. Established leaders may ignore new ideas or opinions from their younger employees, however unintentionally. The status quo, while comfortable, can become restrictive.
Bringing in some new blood can really shake up a stale organization, but only if new leaders are ready to take on new roles. A solid leadership development regiment will encourage fresh faces to flourish and share their ideas with current leaders within the organization. Better yet, with enough training, these new leaders can help implement these changes with confidence and clarity.
4. Securing Your Company’s Future
Finally, if you want your company to continue its legacy, you must prepare accordingly with a succession planning model that focuses heavily on leadership development. Succession planning refers to the process by which an organization carefully transitions from the established leadership to new leadership. Without a fresh set of prepared leaders to grab the torch, your organization will likely experience a serious crisis when the time comes.
One of the great benefits of leadership development is that it secures your company’s future by curating strong leaders who are capable and confident enough to take over new and existing roles. For more insight into the many benefits of succession planning and leadership development, download our white paper entitled “Preparing New Leadership: A Successful Approach to Succession Planning”.
At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow.Read More
Businesses that stand the test of time will eventually face the proverbial passing of the torch. Those who have lead the organization for a long time and wish to move on to retirement or other ventures must find the proper candidate to take over their role. This transfer of leadership roles is known as succession. And while succession implies a continuation of the company, it also implies change, which can frighten staff members, especially those directly under the wing of the leader who is leaving.
Current and upcoming leaders must find ways to unite their teams in order to calm these fears and prepare for these changes. Proper succession planning shouldn’t just fill vacant roles with the right people, then, but also put everyone within the organization on the same page. Here we’ll examine a few key ways to promote team unity under new leadership.
How to Promote Team Unity as a New Leader
Every leader, even if they’re occupying the same role at different times, has their own unique leadership style and idiosyncrasies that inform their decision-making. However, above all else, leaders should serve the needs of their organization and their people. This means, regardless of their personal traits, leaders must always keep the company’s greater vision in mind. Under the supervision of their leaders, team members must also work toward this common purpose.
In other words, the company’s vision supersedes the leader and the team, operating as a unifying force in and of itself. No matter who is currently at the helm, the ship is headed in the direction of this vision. By reinforcing and adhering to the company’s vision, new leaders can promote and maintain team unity and the overall organizational culture.
Even the most open-minded people struggle with change, especially when it’s abrupt. Among the several benefits of succession planning, the buffer it creates between the old and the new is perhaps the most important. Team members should have the opportunity to get to know their newly appointed leader over a period of time in order to get comfortable with this shift.
Fortunately, it’s likely that most staff members will already know this person, as many succession plans promote someone already within the organization. That said, the change in roles can still throw people for a loop, so the more time everyone has to get used to the new situation, the better. It benefits both the new leader and the team to have several weeks (if possible) where the current leader and upcoming leader work side by side.
Create Team Buy-In
Whenever a new idea comes about, creating team buy-in is a major step in furthering its development. The same goes for a change in leadership. While in most cases the team itself won’t have a say in succession planning issues, they should at least be allowed to offer feedback and advice to their upcoming leader. By empowering the team in this way, individuals within the team will feel more connected to one another, establishing unity and trust.
Change is difficult, but it’s necessary for a business to go on, thrive, and adapt to a dynamic world. During a shift in leadership, however, the current team might begin to fracture and waver. This is why every succession planning model should include measures for promoting team unity during this transition. For deeper insights into succession planning and how to keep your company together during a leadership transfer, download our white paper: “Preparing New Leadership: A Successful Approach to Succession Planning.”
At Leadership Resources, our purpose is making the impossible possible through people. We aim to do so by helping individuals develop patterns of success that will decrease stress levels and maximize productivity. Contact us here to learn more about what we do and how it can help your business succeed and grow.