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Aligning Leadership Development With Strategy
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Transcript of Aligning Leadership Development With Strategy
Sean P. KennedySenior Strategic Relationship Manager
Harvard Business Publishing
ALIGNING LEADERSHIP DEVELOPMENT WITH CORPORATE
STRATEGYCOMMON CHALLENGES
EVEN THE BEST STRATEGIES ARE POORLY EXECUTED
According to research by HBS Professor John Kotter, 70% of major corporate initiatives fail. Initiatives are scrapped before launch Change fails to take root Timelines and targets are missed by large margins
Strategy never makes it out of the executive suite. Plans are formulated in isolation Goals and incentives are not aligned Initiatives are perceived as flavor-of-the-month
Corporate strategy fails when it is not translated into frontline action.
LEADERSHIP TURNOVER STALLS PROGRESS
According to transitions expert Michael Watkins, roughly 25% of managers in Fortune 500 organizations move into new roles each year.
Many fall into common traps that sap their ability to be effective
Even successful transitions take months before leaders have a positive net impact on the organization
Few organizations put effective processes in place to accelerate the contribution of leaders in new roles.
LEADERSHIP PIPELINE IS INADEQUATE TO FUEL GROWTH
In a recent HBP study, 30% of organizations report that they are already struggling to fill leadership positions. An additional 46% anticipate significant shortages within 3-5 years. Over-reliance on outside hires Too few “ready-now’s” Loss of talent in key populations
Growth plans are delayed Promising initiatives are not pursued. Pace of geographic expansion is slowed.
Organizations spend increasing amounts of energy assessing potential, but the pool of qualified candidates for succession is shrinking.
LEADERSHIP DEVELOPMENT DOESN’T REFLECT THE STRATEGY
According to research from Dave Ulrich and Norm Smallwood, 60 – 70% of leadership consists of following the Leadership Code The basic skills of leadership Common across organizations
The other 30 – 40% consists of Leadership Differentiators Competencies that set you apart from the competition Leader behaviors that align with customer expectations Skills that enable your unique value proposition
Most broad-based development initiatives are based on competency models that are all but interchangeable.
TRADITIONAL ILT PREDOMINATES
Majority of Development is Event-Based Learning is isolated from work No structures to drive behavior change
Availability is Limited New leaders get trained after 1-2 years in role Non-HQ staff feel ignored Units cobble together local solutions
Costs are High Travel costs and time away from office Central and local spends are not coordinated
Companies still lag in taking advantage of innovative delivery methods to better serve their diverse populations
EXECUTIVES QUESTION THE VALUE OF THE INVESTMENT
Traditional Training Metrics Dominate “Smile sheets” Hours of training delivered Completion rates and test scores
Leadership Development Budgets are Vulnerable Focus is on cost containment Arbitrary cuts are demanded New funding requests are frequently denied
Firms continue to employ learning measurement strategies that emphasize activity over impact.
LEADER EFFECTIVENESS• Learner
Surveys• 360 Feedback
Deltas• Employee
Surveys• Action Plan
Data
STRATEGY EXECUTION• Awareness of
Strategy• Action
Learning Projects
• Key Initiative Milestones
• Top and Bottom Line Performance
LEADERSHIP PIPELINE• Turnover
Ratios• Percent Ready-
Now’s• Time to Fill
Leadership Positions
• Bench Strength in Pivotal Roles
CULTURE/BRAND• External
Awareness of Leader Brand
• Customer Satisfaction Scores
• Employer of Choice Measures
• P/E Ratio
WHO WE ARE
HARVARD BUSINESS SCHOOL MBA PROGRAM
• Individual Focus• On Campus Experience• Candidate Pool
EXECUTIVE EDUCATION• Highly Targeted Audience• On Campus Experience• Develop Highest Levels
HARVARD BUSINESS PUBLISHING• Scalable Audience• Wherever You Are• Drive Learning at All Levels
LEADERSHIP DEVELOPMENT PHILOSOPHY Rooted in 100 years of HBS History
Learning from Others Participant Centered Learning (Case Method) Learning from experts and peers Reflection, discussion, and questioning
Learning by Doing Action learning Structured reflection Performance support
Leader-as-Teacher Creating models of success Building teachable points of view Becoming a “teacher” reinforces learning
OUR APPROACH
StrategicImperatives
OrganizationalEffectiveness
Leaders inTransition
Executives
Senior Leaders
Mid-Level Managers
Frontline Leaders
Performance Management
Team Leadership
Communication Skills
Business Acumen
Decision Making
Employee Development
Growth
Innovation
Change
Newly Promoted
Leaders
High Potential / Emerging
Leaders
New Managers
Building the Business
Building Skills Building Pipeline
Learning Architecture
Increase Reach and Scale of Leader Development Offer an integrated portfolio of programs Vary delivery methods to optimize the investment Combine delivery methods to maximize
effectiveness
Enable Your Strategy Target key business challenges Target “pivotal” populations and skills Drive action with strategy-focused programs
Build Your Leadership Brand Target key skills and competencies Transmit culture with leaders-as-teachers
Build Your Leadership Pipeline Build effectiveness within levels Support newly promoted managers Target investments in hi-potential and emerging
leaders
ENGAGING EMPLOYEES IN YOUR STRATEGYResource Centers
Frame Key Strategic Issues Insights from our Experts Messages from your Executives
Spark New Thinking Discussion Guides Conversation Starters
Drive Behavior Change Manager Toolkits Action Plans
CONNECTING LEADERS ACROSS YOUR COMPANYBlended Cohort-Based Programs
Bring Expert Perspective Sessions with HBP and Internal Experts Access to Content from Thought Leaders
Foster Peer-to-Peer Learning Virtual Cohort Groups Moderated Discussions Peer Directories
Drive Behavior Change Action Learning Teams Application Exercises
REACHING MANAGERS WHERE AND WHEN THEY NEEDTailored Online Learning
Scale with the Highest Quality Performance support resources Online courses and tutorials Simulations
Target Your Needs Key behaviors Levels of competency
Guide Learning Paths by level Paths by development need Paths by task
Drive Behavior Change Application Tools Action Plans
IMPLEMENTATION AND LEARNING SERVICES
STRATEGIC PARTNER
IMPLEMENTATION PARTNER
CONTENT PARTNER
YOUR GOALS
Transform Leader DevelopmentDrive Strategic
Initiatives
Launch New Initiatives
Test Innovative Approaches
Drive Transfer/Impact
Source ContentAugment Existing
Programs
NEEDS ASSESSMENT
Executive InterviewsProcess Reviews
Stakeholder Focus Groups
Stakeholder Interviews
Learner SurveysLearner Focus Groups
Competency Frameworks
Assessment DataLearning Objectives
DELIVERABLES
Leadership Development Architecture
Curriculum Designs
Program DesignsCustomizationsProject PlansFacilitation Assistance
Content MapsTemplates
Technical Assistance