What companies are doing to What companies are doing to develop their develop their senior leaders senior leaders Based on research conducted by Based on research conducted by Learning Consultancy Partnership Learning Consultancy Partnership www.lcp.org.uk www.lcp.org.uk
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What companies are doing to develop theirWhat companies are doing to develop theirsenior leaderssenior leaders
Based on research conducted by Learning Based on research conducted by Learning Consultancy PartnershipConsultancy Partnership
www.lcp.org.ukwww.lcp.org.uk
Is teamwork important?Is teamwork important?
‘A team has a collective task that demands a high level of interdependency
among its members, something that can only be accomplished together’.
Hay Group 2001
Senior teams are different.....Senior teams are different.....
Can be individualist
icMore external
influencesIncreased visibility
Special status of top team
Unique role of CEO
Intensified political
behaviourLack of
promotion prospects Ancona and
Nadler (1989)
Criteria for predicting executive success (Rogers Criteria for predicting executive success (Rogers and Smith)and Smith)
Example leadership pipelineExample leadership pipeline
Key transition challenges – manage areas outside of own experience and have to deal with greater complexity
Strategic projects and stretch assignments Development centres Executive coaching External executive development programmes eg MBA Present at industry-wide conferences Job rotation Corporate social responsibility projects Teaching others
Level 4 - managing the organisationLevel 4 - managing the organisation
Sets direction and develops processes and people for long-term business success
High impact decision making – thebuck stops here
Leads a team of ambitious high achievers
Move from strategic to visionary Lonely and isolated
Level 4 - managing the organisation Level 4 - managing the organisation (activities)(activities)
Key transition challenge – developing and communicating the vision to others. Bespoke package of carefully selected job assignments and seminars Executive board member of other organisations External mentor
Are the development needs of senior leaders different?Are the development needs of senior leaders different?
CommentsComments
‘The needs of senior leaders often revolve around people management and communication, which are less important for other managers’
‘Senior leaders’ needs are around future focus, visioning that creates inspiration for others and leading change’
‘Senior managers need to give greater consideration to the business objectives, not just day to day staff needs. They have to achieve a good balance between the two and be able to analyse and assess the impact staff have on the business achieving its objectives. They must be able to motivate and inspire staff to be the best they can as opposed to just making sure they carry out their daily duties’
Comments Cont’dComments Cont’d
‘Their detailed knowledge and experience means that individuals need very specialist help’
‘Less time, more intangible’
‘Broader training needs’
‘More specialised and individual’
‘Higher level, wider spectrum’
Research requestResearch request
You can request a copy of the LCP research ‘What companies are doing to
develop their senior leaders’ by emailing us at [email protected] or visiting our
website at www.lcp.org.uk
Recommended ReadingRecommended Reading
Grow your own leaders (Byham, Smith & Paese, 2002)Building leaders at every level (Drotter & Charan, 2001) www.iveybusinessjournal.com/view_article.asp?intArticle_ID=287
Overcoming the shortfalls in developing leaders http://www.ddiworld.com/thoughtleadership/globalleadershipforecast2008.asp
Optimising your leadership pipeline (Byham, et al) http://www.ddiworld.com/pdf/optimizingyourleadershippipeline_wp_ddi.pdf