Last month we released a new research report on emerging trends in global leadership development, Next Practices for Global-Minded Organizations (non-members: download a free summary version here). The popular report reveals four next practices of global leadership development, tactics and strategies that have high correlation with market performance or global leadership development effectiveness but are being used by a minority of companies.
Based on those next practices, here are four ways to improve global leadership development in your organization:
1. Define leaders by their influencing role, rather than position
Seventy percent of companies with effective global leadership development programs use a more inclusive definition of a leader, which in turn, improves market performance. Look beyond people designated as leaders and include others who have proven to be influential in the organization, even if their job titles suggest otherwise.
2. Open global leadership development programs to self-selection
Extending leadership development programs to any manager who wants to participate helps uncover more passionate leaders who understand where the business is going and want to help drive those goals. High-performance organizations are more than 2x as likely than low-performing organizations to use this practice, which is correlated to global leadership development effectiveness.
3. Use strategic workforce planning to guide global leadership development efforts
Organizations that identify competency gaps through strategic workforce planning and use that knowledge to drive the content of their global leadership development processes have more effective programs.
4. Measure global leadership development effectiveness using employee engagement metrics
Rather than rely on participant satisfaction surveys, use engagement scores of the direct reports to measure the success of a manager's involvement in a global leadership development program.
This combination of tactical and strategic practices can elevate organizations’ global leadership development efforts to greater returns in global leadership development effectiveness as well as market performance.
i4cp members may download the full report, while non-members may download a complimentary summary version.