An Executive Guide to Developing Future Leaders - Revised

AN EXECUTIVE GUIDE TO DEVELOPING FUTURE LEADERS

WWW.LEADERS-FOR-THE-WORLD.COM

TIM COBURN

An Executive Guide to Developing Future Leaders

TIM COBURN

1 Know why it matters

AN EXECUTIVE GUIDE TO DEVELOPING FUTURE LEADERS

2 Measure the gap

3 Share it with your team

4 Know how they grow

5 Give them the tools

6 Show them the way

LEADERS FOR THE WORLD

Copyright © Tim Coburn 2015 All Rights Reserved

Future Leaders Want Your Advice Executives have a profound influence on leaders they grow. You have a wealth of experience. Your insights are wisdom. When you share them, they learn from you. They grow and do better, fulfilling their potential to succeed.

And Practical Tools that Work And in addition to experience, your future leaders will not succeed without leadership skills that work.

That’s why this guide gives them to you – so you can pass them on to your team.

It’s An Executive Priority Without future leaders, you can’t achieve your vision of success. Developing leaders is an executive priority, not just an HR role.

And, So Does Your Company Every company needs new leaders: the experienced retire, the good ones get promoted and new positions arise. The need for leaders is constant.

You Need a Pipeline The external shortage means the leaders you need are already inside your company.

That’s why your leadership pipeline needs to be healthy.

With Experience and Ability Experience is good – but not without ability.

‘Does he have 17 years experience or 1 year of experience 17 times?’

American Lawyer

The World Needs Leaders The No. 1 human capital requirement of corporate organisations is the need for leaders - at every level, in every function and in all regions of the world (Deloitte, 2014).

1 Know why it matters



DEMAND FOR EXECUTIVES

DEMAND FOR SENIOR LEADERS

DEMAND FOR LEADERS

In Your Company Your company’s need for leaders may be greater than you think. The charts show how to calculate it.

With modest assumptions for retirement, turnover and growth in this example, the charts show the demand for leaders over the next 5 years in a 50,000 employee company.

Despite modest assumptions, in the next five years, this company needs 2,465 leaders!

What’s Your Gap? So, how big is the gap in your company?

Showing your company’s need for leaders like this, engages your executive team.

A Development Imperative With a shortage of leaders everywhere else, developing leaders internally will be critical to your vision of success.

It’s a strategic priority.

DEMAND FOR ALL LEADERS IN THE NEXT 5 YEARS

EXECUTIVES

SENIOR LEADERS

LEADERS

ALL

95

480

1890

2465

No. of Leaders Required

It’s a Capability Gap, Too It’s not just about numbers. It’s about capability, too.

And that’s why executives play a bigger part in developing leaders than HR ever will.



2 Measure the gap

3 Share it with your team

It’s Their Problem, Too You can’t do this alone – you shouldn’t.

At every level, leaders are accountable for succession. So, this leadership challenge – like other strategic issues – is better shared.

DEMAND FOR EXECUTIVES

DEMAND FOR SENIOR LEADERS

DEMAND FOR LEADERS

Call to Action Developing future leaders rarely feels urgent. In reality, it’s something to do, every day.

Focus Attention When leaders know they need a successor for each key role in their team, they focus attention on it.



How do Leaders Grow? Leaders grow most from real job experience, least from the courses they attend.

When you consider where we typically invest our effort, it’s understandable to ask, ‘How can we get more growth from real job experience?’

HOW LEADERS GROW



4 Know how they grow

A Guiding Principle Research like this helped shape the guideline that 70% of development comes from the job itself, 20% from coaching and mentoring and just 10% from formal training.

Training still counts. Top companies for leadership say they rely on it. But on the job experience supported by coaching is where leaders can help.

So, What’s your role? In a nutshell: identify what your future leaders need, give them assignments that require it and support them with coaching.

And keep going until you can confidently say, ‘Ready Now’ for a succession plan.

Some won’t make it. Others will.

A Hard Core of Leadership Skills Strip back the many good leadership ideas to find the hard core of skills that all leaders should have.

If your leaders cannot read the context, be self-aware, coach, give feedback, anticipate the future and lead change, they will not deliver results.

These are the skills that last a leadership lifetime.

YOUR WORK

READ THE CONTEXT

KNOW YOUR SELF

FIND YOUR PURPOSE

UNDERSTAND YOUR ROLE

IMPROVE YOUR LEARNING

RENEW YOUR CAREER

EXPLAIN THE CONTEXT

BUILD YOUR TEAM

ENGAGE PEOPLE PERSONALLY

GIVE GOOD FEEDBACK

COACH EFFECTIVELY

DEVELOP FUTURE LEADERS

CREATE THE CONTEXT

SET DIRECTION

GET WORK DONE

MAKE MEETINGS COUNT

ANTICIPATE THE FUTURE

LEAD CHANGE

Leadership is personal. These skills will help leaders clarify, confirm and feel confident in who they are and where they’re going.

However big or small, teams need guidance and want to be involved. These skills help leaders build high performing teams.

Achieving success is rewarding but impossible if you can’t get things done, solve problems, anticipate the future and lead change.



5 Give them the tools

YOUR TEAM YOU

The Leader’s Toolkit Each leadership tool is presented as an easy to follow, quick guide, on a single page. Making it easy to equip leaders with practical skills they should be using to drive the innovation, productivity and performance you need.

Equip Future Leaders to Succeed In the fog of complexity about what leadership really is, there is a hard core of things leaders need to do well.

The Leader’s Toolkit puts these skills into their hands.

PRACTICAL TOOLS THAT WORK

To help you equip your leaders with the most critical skills they need, Leaders for the World gives you a set of practical tools that make the biggest difference to a leader’s performance. They will help you achieve a consistent high standard in three areas of performance:

THE LEADER’S TOOLKIT

FIND YOUR PURPOSE IMPROVE YOUR LEARNING READ THE CONTEXT

KNOW YOURSELF

UNDERSTAND YOUR ROLE RENEW YOUR CAREER

ENGAGE PEOPLE PERSONALLY COACH EFFECTIVELY EXPLAIN THE CONTEXT

BUILD YOUR TEAM GIVE GOOD FEEDBACK DEVELOP FUTURE LEADERS

GET WORK DONE ANTICIPATE THE FUTURE CREATE THE CONTEXT

SET DIRECTION

MAKE MEETINGS COUNT LEAD CHANGE




6 TOOLS FOR IMPROVING YOUR LEADERSHIP

YOU

YOUR TEAM

YOUR WORK

6 TOOLS FOR IMPROVING YOUR TEAM’S PERFORMANCE

6 TOOLS FOR IMPROVING WORK PERFORMANCE

ONE OF THE TOOLS




CLEARLY PRESENTED

EASY TO FOLLOW

EXPLAINS WHAT TO DO

EASY TO LEARN

ON ONE PAGE

THE LEADER’S TOOLKIT Will be available to: Download and Print (E Copy, A4) FREE Order and Buy (Set of Cards, A5) Enquire Adapt and Brand (To your Spec.) Enquire Make it Mobile (to your Spec.) Enquire Teach and Coach (Further Guides) Enquire

HINTS AND TIPS

KEEP IT WITH YOU

GIVE IT TO THEM

The Leader’s Toolkit is a set of the most relevant, useful and effective skills leaders need. With it, you’ll help leaders succeed today and be better prepared for the future. Here’s an example:

HERE’S AN EXAMPLE

6 Show them the way

They’re Looking at You You lead by example – whether you like it or not.

What you say, what you do and what you stand for create the example that other leaders follow.

Show them How While each leader must find their own way, as they develop, they look at and listen to successful executives to discover how it could be done.

They’re looking at you.



Want to Know More? If you’ve enjoyed the Executive Guide to Developing Future Leaders, you may want to find out more.

FREE Download Each tool in the Leader’s Toolkit will become available to download, absolutely FREE. Just register your interest and you’ll get them all.

Please Get in Touch To learn more about Leaders for the World, the Executive Guide to Developing Future Leaders or the Leader’s Toolkit:

Visit www.leaders-for-the-world.com Email [email protected]

It would be great to hear from you.

Leaders for the World Leaders for the World is a leadership vision and consulting service led by Tim Coburn, an internationally experienced leadership consultant.

An Executive Guide to Developing Future Leaders - Revised

Leadership & Management

Transcript of An Executive Guide to Developing Future Leaders - Revised