An Executive Guide to Developing Future Leaders - Revised
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Transcript of An Executive Guide to Developing Future Leaders - Revised
AN EXECUTIVE GUIDE TO DEVELOPING FUTURE LEADERS
WWW.LEADERS-FOR-THE-WORLD.COM
TIM COBURN
An Executive Guide to Developing Future Leaders
TIM COBURN
1 Know why it matters
AN EXECUTIVE GUIDE TO DEVELOPING FUTURE LEADERS
2 Measure the gap
3 Share it with your team
4 Know how they grow
5 Give them the tools
6 Show them the way
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
Future Leaders Want Your Advice Executives have a profound influence on leaders they grow. You have a wealth of experience. Your insights are wisdom. When you share them, they learn from you. They grow and do better, fulfilling their potential to succeed.
And Practical Tools that Work And in addition to experience, your future leaders will not succeed without leadership skills that work.
That’s why this guide gives them to you – so you can pass them on to your team.
It’s An Executive Priority Without future leaders, you can’t achieve your vision of success. Developing leaders is an executive priority, not just an HR role.
And, So Does Your Company Every company needs new leaders: the experienced retire, the good ones get promoted and new positions arise. The need for leaders is constant.
You Need a Pipeline The external shortage means the leaders you need are already inside your company.
That’s why your leadership pipeline needs to be healthy.
With Experience and Ability Experience is good – but not without ability.
‘Does he have 17 years experience or 1 year of experience 17 times?’
American Lawyer
The World Needs Leaders The No. 1 human capital requirement of corporate organisations is the need for leaders - at every level, in every function and in all regions of the world (Deloitte, 2014).
1 Know why it matters
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
DEMAND FOR EXECUTIVES
DEMAND FOR SENIOR LEADERS
DEMAND FOR LEADERS
In Your Company Your company’s need for leaders may be greater than you think. The charts show how to calculate it.
With modest assumptions for retirement, turnover and growth in this example, the charts show the demand for leaders over the next 5 years in a 50,000 employee company.
Despite modest assumptions, in the next five years, this company needs 2,465 leaders!
What’s Your Gap? So, how big is the gap in your company?
Showing your company’s need for leaders like this, engages your executive team.
A Development Imperative With a shortage of leaders everywhere else, developing leaders internally will be critical to your vision of success.
It’s a strategic priority.
DEMAND FOR ALL LEADERS IN THE NEXT 5 YEARS
EXECUTIVES
SENIOR LEADERS
LEADERS
ALL
95
480
1890
2465
No. of Leaders Required
It’s a Capability Gap, Too It’s not just about numbers. It’s about capability, too.
And that’s why executives play a bigger part in developing leaders than HR ever will.
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
2 Measure the gap
3 Share it with your team
It’s Their Problem, Too You can’t do this alone – you shouldn’t.
At every level, leaders are accountable for succession. So, this leadership challenge – like other strategic issues – is better shared.
DEMAND FOR EXECUTIVES
DEMAND FOR SENIOR LEADERS
DEMAND FOR LEADERS
Call to Action Developing future leaders rarely feels urgent. In reality, it’s something to do, every day.
Focus Attention When leaders know they need a successor for each key role in their team, they focus attention on it.
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
How do Leaders Grow? Leaders grow most from real job experience, least from the courses they attend.
When you consider where we typically invest our effort, it’s understandable to ask, ‘How can we get more growth from real job experience?’
HOW LEADERS GROW
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
4 Know how they grow
A Guiding Principle Research like this helped shape the guideline that 70% of development comes from the job itself, 20% from coaching and mentoring and just 10% from formal training.
Training still counts. Top companies for leadership say they rely on it. But on the job experience supported by coaching is where leaders can help.
So, What’s your role? In a nutshell: identify what your future leaders need, give them assignments that require it and support them with coaching.
And keep going until you can confidently say, ‘Ready Now’ for a succession plan.
Some won’t make it. Others will.
A Hard Core of Leadership Skills Strip back the many good leadership ideas to find the hard core of skills that all leaders should have.
If your leaders cannot read the context, be self-aware, coach, give feedback, anticipate the future and lead change, they will not deliver results.
These are the skills that last a leadership lifetime.
YOUR WORK
READ THE CONTEXT
KNOW YOUR SELF
FIND YOUR PURPOSE
UNDERSTAND YOUR ROLE
IMPROVE YOUR LEARNING
RENEW YOUR CAREER
EXPLAIN THE CONTEXT
BUILD YOUR TEAM
ENGAGE PEOPLE PERSONALLY
GIVE GOOD FEEDBACK
COACH EFFECTIVELY
DEVELOP FUTURE LEADERS
CREATE THE CONTEXT
SET DIRECTION
GET WORK DONE
MAKE MEETINGS COUNT
ANTICIPATE THE FUTURE
LEAD CHANGE
Leadership is personal. These skills will help leaders clarify, confirm and feel confident in who they are and where they’re going.
However big or small, teams need guidance and want to be involved. These skills help leaders build high performing teams.
Achieving success is rewarding but impossible if you can’t get things done, solve problems, anticipate the future and lead change.
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
5 Give them the tools
YOUR TEAM YOU
The Leader’s Toolkit Each leadership tool is presented as an easy to follow, quick guide, on a single page. Making it easy to equip leaders with practical skills they should be using to drive the innovation, productivity and performance you need.
Equip Future Leaders to Succeed In the fog of complexity about what leadership really is, there is a hard core of things leaders need to do well.
The Leader’s Toolkit puts these skills into their hands.
PRACTICAL TOOLS THAT WORK
To help you equip your leaders with the most critical skills they need, Leaders for the World gives you a set of practical tools that make the biggest difference to a leader’s performance. They will help you achieve a consistent high standard in three areas of performance:
THE LEADER’S TOOLKIT
FIND YOUR PURPOSE IMPROVE YOUR LEARNING READ THE CONTEXT
KNOW YOURSELF
UNDERSTAND YOUR ROLE RENEW YOUR CAREER
ENGAGE PEOPLE PERSONALLY COACH EFFECTIVELY EXPLAIN THE CONTEXT
BUILD YOUR TEAM GIVE GOOD FEEDBACK DEVELOP FUTURE LEADERS
GET WORK DONE ANTICIPATE THE FUTURE CREATE THE CONTEXT
SET DIRECTION
MAKE MEETINGS COUNT LEAD CHANGE
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
THE LEADER’S TOOLKIT
6 TOOLS FOR IMPROVING YOUR LEADERSHIP
YOU
YOUR TEAM
YOUR WORK
6 TOOLS FOR IMPROVING YOUR TEAM’S PERFORMANCE
6 TOOLS FOR IMPROVING WORK PERFORMANCE
ONE OF THE TOOLS
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
THE LEADER’S TOOLKIT
CLEARLY PRESENTED
EASY TO FOLLOW
EXPLAINS WHAT TO DO
EASY TO LEARN
ON ONE PAGE
THE LEADER’S TOOLKIT Will be available to: Download and Print (E Copy, A4) FREE Order and Buy (Set of Cards, A5) Enquire Adapt and Brand (To your Spec.) Enquire Make it Mobile (to your Spec.) Enquire Teach and Coach (Further Guides) Enquire
HINTS AND TIPS
KEEP IT WITH YOU
GIVE IT TO THEM
The Leader’s Toolkit is a set of the most relevant, useful and effective skills leaders need. With it, you’ll help leaders succeed today and be better prepared for the future. Here’s an example:
HERE’S AN EXAMPLE
6 Show them the way
They’re Looking at You You lead by example – whether you like it or not.
What you say, what you do and what you stand for create the example that other leaders follow.
Show them How While each leader must find their own way, as they develop, they look at and listen to successful executives to discover how it could be done.
They’re looking at you.
LEADERS FOR THE WORLD
Copyright © Tim Coburn 2015 All Rights Reserved
Want to Know More? If you’ve enjoyed the Executive Guide to Developing Future Leaders, you may want to find out more.
FREE Download Each tool in the Leader’s Toolkit will become available to download, absolutely FREE. Just register your interest and you’ll get them all.
Please Get in Touch To learn more about Leaders for the World, the Executive Guide to Developing Future Leaders or the Leader’s Toolkit:
Visit www.leaders-for-the-world.com Email [email protected]
It would be great to hear from you.
Leaders for the World Leaders for the World is a leadership vision and consulting service led by Tim Coburn, an internationally experienced leadership consultant.