why leadership development programs fail

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1 Why Leadership Development Programs Fail Summary of McKinsey & Company article

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WHY LEADERSHIP DEVELOPMENT FAILS A summary of McKinsey & Company Article THE DISCONNECT According to McKinsey there is more than 14 billion dollars annually spent on Leadership Development. So, it should come as no surprise that 2/3 of executives they surveyed ranked Leadership Development as their number 1 Human Capital priority. The surprise – maybe not much of a surprise – comes from a different study where only 7% of leaders viewed Leadership Development as effective. Clearly there is a huge disconnect between intent and outcomes. The article focuses on 4 mistakes companies make that are likely to blame for the failure of Leadership Development Programs. FOUR MISTAKES While certainly not exhaustive, the four mistakes can be grouped into 4 broad categories: 1. One Size Fits All Approach 2. Outside The Real World 3. Inability to Understand the Why 4. Lack of Measurement For full article and video, please visit Glen-Harrison.com

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Page 1: Why Leadership Development Programs Fail

1Why Leadership Development Programs FailSummary of McKinsey & Company article

Page 2: Why Leadership Development Programs Fail

2 THE DISCONNECT2/3rds

of executives ranked Leadership Development

# 1 Priority ONLY7%

said Leadership

Development was effective

Page 3: Why Leadership Development Programs Fail

THE FOUR MISTAKES

• One Size Fits All Approach

• Outside The Real World

• Inability to Understand the Why

• Lack of Measurement

Page 4: Why Leadership Development Programs Fail

4 ONE SIZE FITS ALL

- Assuming the same skills & leadership style works for all strategies, cultures, and mandates

- Leadership initiative planning should always start with asking what is the program for?

- Focus on a few competencies that are targeted specifically for projects

Page 5: Why Leadership Development Programs Fail

OUTSIDE THE REAL WORLD

• too large a share of Leadership is done in a classroom

• adults retain 10% of classroom training• 2/3rds when learning by doing

• combine off-site training & learning by doing

• make every major project a leadership development opportunity

Page 6: Why Leadership Development Programs Fail

6INABILITY TO UNDERSTAND THE WHY

• Leadership development requires changes in behavior• Must understand the WHY behind current behaviors in

order to affect change

• Make understanding the why a priority• Tools like the Leadership Skills Profile (LSP) provide

unique perspective on the why

Page 7: Why Leadership Development Programs Fail

7LACK OF MEASUREMENT

• Impossible to demonstrate value without numbers• Need to quantify value to be valued

• Use 360 feedback tool to measure change• Track career development, promotions, retention

• Tie metrics into real world impact – team productivity, impact on projects