CFO Event - Mike Sarwarwise, Invesment or Wasteful Fashion
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Transcript of CFO Event - Mike Sarwarwise, Invesment or Wasteful Fashion
Leadership development – wise investment or wasteful fashion?
Mike SarwarSenior Training consultant Leadership and Professional DevelopmentJune 2015
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Did you know…
• UK companies spend $1.1billion on leadership development every year. In the US it is estimated at being almost $14 billion.
• 500 executives were asked to rank their top three human-capital priorities. Leadership development was included as both a current and a future priority and almost two-thirds of the respondents identified it as their number-one concern.
• Only 7% of senior managers polled by a UK business school think that their companies develop global leaders effectively.
• 30% of US companies admit that they have failed to exploit their international business opportunities fully because they lack enough leaders with the right capabilities.
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Leadership and decision making
Leadership is about making successful decisions which entails drawing three key pieces together:
•Our world view – how we see the world, ourselves, our colleagues, our conscious and unconscious bias, our technical expertise
•Situations which we find ourselves in – the team, the commercial environment, the organisational landscape, the market
•Money – everything is about money except money, and it changes everything: relationships, actions and behaviours
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Leadership development – wise investment or wasteful fashion?
Leadership DNA has two key components –
technical competence and behavioural confidence. One without the other will
cause imbalance and a loss of commercial effectiveness.
A commercial learning and development model should seek to address
both strands with distinct and appropriate
but interconnected interventions.
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Leadership development – wise investment or wasteful fashion?
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Enterprise Manager
Group Manager
Business Manager
Functional Manager
Manager of Managers
Manager of Others
Manager of Self
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Enterprise Manager
Group Manager
Business Manager
Functional Manager
Manager of Managers
Manager of Others
Manager of Self
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A commercial imperative for every organisation is to grow their human asset at every level, identifying talents, assessing their competence, planning their development, and measuring results.
In order to create and maintain a healthy leadership pipeline, it is important to focus on the right balance of job components and development needs relevant to each stage.
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Leadership development – wise investment or wasteful fashion?
Clearly define all programme objectives – what is the programme for?
•What do you want your participants to do better after the programme than they are doing now?
•How will the improvement be manifested?
•How can the improvement be measured?
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Leadership development – wise investment or wasteful fashion?
Senior advocacyExperience has taught us that there is a direct correlation between the success of any development programme and the “quantity” and quality, of the involvement and support provided by the organisation such as genuine, overt active advocacy in the workplace by the senior leadership team and other senior stakeholders.
•CEO public programme support statement - participant invites•CEO and other senior management programme participation – dinners, Q&A sessions, presentations•Ad hoc participant engagement intra module by SMT •Post programme wash up by CEO
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Leadership development – wise investment or wasteful fashion?
Commercially authentic
Tailored Real Relevant
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Leadership development – wise investment or wasteful fashion?
Experiential delivery
Build trust Never assessDebate &
constructive conflict
Organisationally relevant case
studies
Practical exercises –
cerebral & active
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Leadership development – wise investment or wasteful fashion?
Duration and modular in format
Effective leadership requires
behavioural changeChange takes time
Without a significant degree of
discomfort, chances are behaviour won’t
change
Immersion, reflection and
reinforcement is key to sustainable
outcomes
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Leadership development – wise investment or wasteful fashion?
Properly and Appropriately Measured
Beware of gaming
Practical and relevant
Avoid survey fatigue
Leadership development – wise investment or wasteful fashion?
•Clearly define all programme objectives•Senior advocacy•Commercially authentic•Experiential delivery•Duration and modular in format •Programme Socialisation•Properly and appropriately measured
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BUT… Remember!
• UK companies spend $1.1billion on leadership development every year. In the US it is estimated at being almost $14 billion.
• 500 executives were asked to rank their top three human-capital priorities. Leadership development was included as both a current and a future priority and almost two-thirds of the respondents identified it as their number-one concern.
• Only 7% of senior managers polled by a UK business school think that their companies develop global leaders effectively.
• 30% of US companies admit that they have failed to exploit their international business opportunities fully because they lack enough leaders with the right capabilities.
Leadership development – wise investment or wasteful fashion?
Thanks for listening to me!!
[email protected]@kaplan.co.uk