future trends in leadership development

Multiply Your Success with Deep Insights from John Mattone, Executive Coaching, Retreats and Online Leadership Academy, INTELLIGENT LEADERSHIP EXECUTIVE COACHING, COACHING DEBRIEFS & INTELLIGENT LEADERSHIP, John Mattone’s 50 Laws of Intelligent Leadership, are better at developing innovative products and services, neither AI nor big data will make decision-making easier, The Importance of Delayed Gratification to Good Leadership, How to Build Trust in Leadership in Tough Times, Polish These 6 Mediation Skills to Lead in 2021, 4 Tips for Coaching High-Potential Leaders, Cultural Transformation Brings Tangible and Intangible Benefits, Executive Coaching Definition, Stages, Benefits, Strategies & Results, How Executive Coaching Trends Will Change Over the Next Decade, Recruiting for age-agnostic qualities – those that make sense in your corporate culture and with your goals, regardless of the age of the person possessing them, Understanding the balance in leadership that must be struck between stimulation and stability and choosing leaders – regardless of age – who possess the qualities you need, Experimenting with a “buddy system” pairing diverse leaders to tackle specific problems, Ensuring CEOs make time to talk face to face with top leaders on a regular basis because it’s one of the best ways to get real feedback and understand the company’s leadership culture better, Physical relocation of a team, a branch office, or an entire business, A major upgrade to IT infrastructure or software, Reorganization of a department, branch, or entire business, Identifying precisely who will participate in the change, Identifying how groups and individuals will change, Creating a plan for ensuring change participants have the leadership, training, and coaching they need, Understanding how change will affect company culture and planning accordingly, Monitoring change and addressing problems, Profitability is 21% higher for highly engaged teams, Most HR leaders agree that peer feedback (a hallmark of engagement) is necessary for successful outcomes, Employees who believe they are listened to are 4.6 times likelier to feel empowered to perform at their peak, Ninety-six percent of employees believe that empathy improves employee retention, Disengaged employees cost companies in the U.S. some $550 billion per year, Institutionalize a data-driven succession planning process to prevent bias, Identify criteria and qualities essential to a new executive leader’s success, Create an onboarding and transition process for leaders transitioning to new positions, Emphasize the importance of long-term leadership development, Revisit leadership criteria as the business evolves. Clearly, we have entered an age of agility in business, and it starts at the very top. Actual human leaders will continue to be the ones making judgment calls, despite the impressive advances that AI and big data have made. This responsibility will be significantly shaped by the following 10 trends and truths about the future of leadership development. Trend 5: Major shift in knowledge and skill requirements for both leaders and employees. Some businesses are even changing leadership hierarchies to accommodate agility. There are innumerable reasons, but there are two that are especially important. And without the buy-in and support of top leadership, innovation on a game-changing scale won’t happen. Another consequence of rapid technological advancement is a faster rate of change. We, as leaders and people, need to continue to adapt to a broad range of changes in our personal and professional lives. Disruption and the constant push for innovation enable technology to replace many traditionally lower-skilled jobs with robots and robotic process automation, yet many jobs require special skills. 1. Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. Companies of all sorts realise that to survive in today’s volatile, uncertain, complex, and ambiguous environment, they need leadership skills and organisational capabilities different from those that … More is being asked of leadership, and more will be asked of leadership as we arrive in the year 2020 and beyond. But regardless of how much leadership potential a person has, putting them into a leadership position without proper training and preparation is asking for disaster. • How does this flexibility impact your social bonds at work and home? • How will this flexibility impact your access to new opportunities for you and possibly your family? New networks leveraging IT to share information and spread new ideas challenge hierarchies within and across systems and add complexity to supply chains that may amplify otherness among stakeholders and even within organizations. Rewards of greater agility include faster time to market, faster innovation, and improved non-financial business results (such as improved company culture). Leadership today, tomorrow, and always will require a commitment to accountability and transparency in our actions. Latest insights from The Institute of Leadership & Management has revealed that small organisations are more likely to prioritise people before profit (29%), while 24% of medium sized and 28% of large organisations prioritise ensuring compliance with rules and procedures. • How is economic volatility impacting you? Unfortunately, unconscious bias still exists, and where it does, it stifles talent. The CEO and other C-level leaders must play their part in driving the adoption of agile practices throughout the enterprise. Mature accountability means we want to perform well whether or not we’re being watched. Making the most of generational diversity in leadership means understanding that everyone is a person and not a statistic. Year after year, organizations tell us they struggle to find and develop future-ready leaders. When I asked CEOs what they viewed as the biggest trends impacting leadership, the most common answer I received was the growth of artificial intelligence and technology. A Forbes Insights and Scrum Alliance survey found that 81% of executives consider agility to be the most important characteristic of a successful business. Trend 3: More complex global system optimization, including resilience, geopolitical impacts, social justice, etc. • What opportunities are available to you now that were not before? A culture of accountability leads to more honest feedback, forces people to follow through on commitments, keeps us grounded in reality, and prevents small problems from turning into big problems. • How are your cultural values evolving to meet changing social norms? It’s not easy, especially for more traditional managers. Therefore, neglecting leadership development programs and leadership coaching is tantamount to neglecting the entire organization. The Future of Leadership Development. Tomorrow’s leaders will have to have a keen understanding of the main types of innovation, which are product innovation, process innovation, and business model innovation. Expertise from Forbes Councils members, operated under license. They will want trust, autonomy and independence. • When traditional institutions falter, what replaces them? AI, Big Data, and Technology in the Executive Suite. For organizations to function effectively, employees and participants need to trust leadership and one another. Resilience, agility, and adaptability are mandatory traits for tomorrow’s leaders. That’s why more businesses are creating project-based teams, and even entire departments devoted to innovation. Leadership programs are set to become more personal in their approach towards training students. Leaders must devote time and resources to innovation by employing technology (like innovation management software) and actually following up and implementing great ideas. For the most part, it won’t be the people in executive leadership who will implement artificial intelligence and big data analysis in their organizations. The report published by the Institute of Leadership and Management unveils another important future leadership trend to be an increase of interest in core skills such as motivating direct reports, communication, setting goals and task delegation. • Where in your life do you have more flexibility, such as the option to work from alternate locations? • What new topics do you need to understand? Future Trends in Leadership Development Like most things in today’s world, leadership development is changing quickly. • How is climate volatility impacting your organization? Rarely is lack of innovation due to a lack of great ideas. Trend 4: Increased expectations to deliver results faster. The era of the monolithic company that remains the same or changes slowly over the decades is over. Succeeding with innovation requires gathering ideas, evaluating ideas, and actually implementing them. It stands to reason that when that diversity extends to top leadership, those advantages would be amplified further. Leadership coaching will play an increasingly important role too, as people enter leadership roles with expectations that they will get up to speed and deliver results as quickly as possible. It’s never been easy to identify and develop talent in next-generation leaders, but today it’s more challenging than ever due to a worldwide market where competition for talent is fierce. A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental stages). © 2021 John Mattone Global, Inc. All rights reserved. Leadership will not become easier in 2020 and beyond, though technology and automation may make certain processes faster. Leadership development current trends: • The leadership development process is primarily taken care of by the HR team with assistance from the leadership team in SMEs. But today more than ever, effective, engaged leaders have to stay on top of current trends influencing their company, industry, employees, and the world at large if they are to continue to produce results. • How do you ensure you and your people can remain balanced when the sprint becomes a marathon? The lighting wasn’t the differentiating factor, so what was? Read Maureen Metcalf's full executive profile here. Trend 7: More freedom to work where and how we want — and less privacy. That’s why leadership development programs and leadership coaching are absolutely essential to the business that is committed to success in this fast-paced, technologically evolving era. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. As an interconnected global system, we are facing opportunities to address risks and create a more sustainable, just and fair future for more people. The shift then is from individual competencies to creating organisational cultures in which leaders can emerge easily and seamlessly to fit the situation of the moment. Trend 6: Need to increase personal agility in all facets of life. A flexible workforce. • How does the gig economy provide you with increased capacity? Category: Blog, Intelligent Leadership. Competition changes, the marketplace changes, and there’s no such thing as certainty. The important thing to remember is that neither AI nor big data will make decision-making easier. But make no mistake: AI, big data, and technological advancements, in general, will have an effect on senior leadership, and leadership development programs must take these technological trends into account. A future where people earn a living wage to provide for their families without relying on government assistance. These leadership development programs are growing in popularity among seasoned business executives. A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental … Thus, accountability matters because lack of it can lead to bad PR and a tarnished reputation. The "Chief Organizational Capability Officer" Emerges This requires that they themselves embrace a mindset of agility and understand the importance of remaining flexible. Forbes Councils member Christopher Washington, Executive Vice President and Provost, Franklin University, contributed to this article. Forbes Coaches Council is an invitation-only community for leading business and career coaches. Read Maureen Metcalf's full executive profile here. Age diversity in leadership is just one manifestation of diversity in general. The good news is that more companies are trying to hire a more diverse workforce to make the best use of a broad variety of backgrounds, skills, experiences, and opinions. • How do you shore up your foundation during turmoil? Like it or not, people perform better when they know they will be held accountable for their actions. Underlying and amplifying these trends is the rapid digitization of content and interaction, which is reshaping the leadership development industry in three important ways. Let’s be honest: succession planning isn’t much fun. We can leave a legacy where future generations look back and see this time as a renaissance — when the foundation was laid to create a future better than many people living could imagine. • Where are you trading flexibility for privacy? Mass migration, remote work and learning impact who can work, where work is done and the nature of work itself. In large organizations, leadership development is carried out by the L&D team who are assisted by the leadership team. • Personal Rapport. In the past, we optimized for profit and efficiency; now, the equation is more complicated. Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. The 7 emerging trends reshaping leadership development — a mix of challenges and imperatives that are influencing tomorrow’s workforce; Specific strategies you can use to respond to each of these 7 emerging trends; Ways to equip your people — regardless of job title or responsibility — to think more strategically and become … Accountability – the practice of working with integrity, holding others and oneself responsible for decisions, behaviors, and actions, Agility – the ability of an individual, team, or organization to sense changes and respond accordingly and quickly, Change management – a systematic approach to anticipating and executing change in an organization to minimize problems, maximize benefits, and support affected people throughout, Employee engagement – the emotional connection between an employee and their work, which makes them want to excel and more prone to apply discretionary effort, Innovation management – an approach to innovation of products, processes, or business models that encourages innovative ideas and also puts real support and resources behind development of the best of those ideas, Succession planning – a systematic process of recognizing future leaders and planning for replacement of existing leaders when they leave the organization, Transparency – the practice of “saying what you mean and meaning what you say” in business. But accountability matters for bigger reasons than fear of being caught out. (https://www.i-l … In an analysis of future leadership development trends, Nick Petrie, a senior faculty member with the Center for Creative Leadership, asks, “What will the future of leadership development look like?” After interviewing 30 experts, Petrie concludes that the era of the “heroic leader” is giving way to “collective leadership” and that … It’s no secret that technology is evolving at a breathtaking pace. But embracing agility is no longer an option among organizations that plan to seize opportunities and move forward out of their comfort zones. For the most part, it won’t … • What routine do you need to create to refresh your knowledge and skills continually? The ability to help organizations manage change will be increasingly important. ... development and recruitment. At the same time, Generation Z (the younger siblings of the Millennials, born starting in the late 1990s) are entering the workforce in increasing numbers. Have you heard of the “Hawthorne effect?” It was coined based on experiments in the 1920s at Hawthorne Works, a Western Electric facility near Chicago. Without proper succession planning, changes are far more disruptive and painful. Future Trends in Leadership & Management: Shifting Priorities. Why should top leaders care whether their employees are engaged in their work, as long as the work gets done? They are more effective if they believe in the mission and the organization's commitment to accomplishing it. • How do your values impact your decisions and actions? We’ve been talking about the … Accountability matters. It’s great when innovation happens fortuitously, but companies cannot count on this in order to remain competitive in an increasingly innovative business environment. Never before have we lived in such a fast-paced business environment. • Is your organization designed to evolve and thrive as the ecosystem continues to evolve? They hire data scientists and programmers for that. Future leadership development needs the basic assumption that leadership is a relational activity. With the rate of change, skilled workers need to update their skills or reskill regularly. The ability to make trade-offs, evaluate risk, and exercise good judgment based on values and goals will always be critical leadership skills regardless of technological advancement. Here are some of the reasons why leadership development programs must emphasize employee engagement. Where there is a collapse, there is an evolutionary opportunity. This report on emerging trends in leadership development is based on research with our proprietary Leading Insights research community. • What are the likely impacts you and your organization will face in the next three-, six-, nine- and 12-month cycles? Mobile Learning for Millennial Managers. Leadership development will become more personal. Get on track These deficiencies create significant financial waste and pose real strategic risk for most organizations. I’ll talk about the trends I see at the end of 2020 based on my clients' work, as well as 50 interviews I conducted with executives, authors, thought leaders and academics. Workers in both the “better lighting” and the control groups were more productive during the experiment. Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. • How does social and restorative justice impact your thinking about your work? The experiment was simple, really: would workers be more productive if the factory were more well-lit? Greensborough, North Carolina: Center for Creative Leadership. • What are the biggest challenges you face? Employees who are engaged in their work add more value than those who are disengaged. We have the opportunity to plot a future that is unlike our past. The overall trend is towards greater flexible working in the … Do you see a move from hierarchy to distributed power? Section 2–Future Trends for Leadership Development This Is No Longer Just a Leadership Challenge–It Is a Development Challenge A large number of interview respondents felt that many methods–such as content-heavy training–that are being used to develop leaders for the 21st century have become dated and redundant. Change management is the ability to provide a methodical approach to individuals and teams undergoing a transition from the present state to some future state. The truth is, in any consumer-focused business, diversity is one of the best ways to unleash the full potential of the workforce because a diverse workforce better understands and better reflects the consumer population. Researchers at North Carolina State University recently found that companies with diverse workforces are better at developing innovative products and services. To create this future, leaders need to understand the current leadership trends as well as the overarching megatrends. It represents the lack of hidden agendas and commitment to honesty, JOHN MATTONE GLOBAL, INC. We are facing opportunities to address risks and create a more sustainable, just and fair future for more people. Four Trends for the Future of Leadership Development More focus on vertical development : There are two different types of development–horizontal and vertical. In the real world, however, organizations always operate in a context that is in flux. 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