We have all been hearing about the importance of the leadership pipeline for many years now. Do you have a leadership pipeline? Is it as strong as it should be? If you could have five quick tips for making it stronger, would that be useful to you?
Harvard Business Review has just published a great article entitled “The 5 Elements of a Strong Leadership Pipeline”. The author, Josh Bersin, quotes a 2016 study of 7,000 organizations in which 89% of executives rated “strengthening the leadership pipeline” an urgent issue. Unfortunately, in an effort to do this, many of them grab onto the latest fad or gimmick in training and, not surprisingly, they have little to show for it.
To study this issue, Bersin and his research colleagues looked at the impact of different management practices on overall business performance, rather than focusing specifically on leadership development. When looking at companies with strong leadership pipelines, and strong financial performance, they found five key traits which are presented in this article.
The findings offered here really resonated with us, and I think they will do the same for you.
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A look into PWC’s 23rd Annual Global CEO Survey, titled Navigating the Rising Tide of Uncertainty.