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Leadership Development is a part of the succession planning process that creates leaders so that they can take over the senior positions in times of vacancy.
Leadership Development is an initiative of creating a better leader within a profit or non-profit organization by imparting the necessary skills, knowledge, vision and attitude
Methods of Leadership Development
General Electric model of Leadership Development
In the General Electric model of Leadership Development, leaders with high potential are signed on at the onset and offered the training and experience to make them better with time
Self-Directed Learning
In Self-Directed Learning, individuals have to find resources and decide on the learning paths that need to be taken by themselves
Coaching
The Coaching Method puts the onus on teaching crucial lessons through challenge, support and assessment. It pushes leaders to make them more effective in their roles
Developmental Job Assignment
Developmental Job Assignment is offered to the leaders after their formal training so that they can practice the recently learned abilities from the given tasks and responsibilities
Formal Training
The Formal Training is offered by organizations that need leaders to be efficient in specific fields
Key Components of a Leadership Training Program
1. Coaching and follow-up
2. Shows how to offer and receive feedback
3. How to assign tasks
4. How to manage time
5. Developing soft skills
6. How to set targets
7. Creating benchmarks
Benefits of Leadership Development
1. It is a continuous process that improves adaptability and agility
2. Improves customer retention
3. Better alignment in the top positions and good work culture in the workplace
4. Hiring better talent
5. Retaining talent
6. Improved financial performance of the organization
Leadership Development Programs
1. Chicago Booth
2. BELL Leadership institute
3. Harvard Business School
4. AMA
5. Dale Carnegie
6. Stanford Business School of Graduate
This video is on Leadership Development and it has the following
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Time Stamps
0:00 What is Leadership Development?
00:22 Definition of Leadership Development
00:59 Methods of Leadership Development
02:54 Key Components of a Leadership Training Program
03:17 Benefits of Leadership Development
04:24 Leadership Training Programs
