Real Time Leadership Development

Paul R. Yost, Mary Mannion Plunkett

• Publisher: Wiley-Blackwell
• Year: 2011
• Print ISBN: 9781405186674, 9781405186759
• eBook ISBN: 9781444359435
• Edition: 1
• Topic: Business
• Subtopic: Leadership
• Index: Business

Real Time Leadership Development provides research and practices-based guidance and tools for leaders to use to fully leverage experience-based development for their own growth and to build the next generation of leaders in their organization.

• Teaches you how to identify the key experiences, competencies, and relationships that are critical in the development of current and future leaders.
• Answers the question "Leadership for the sake of what?" by helping you identify your leadership principles and think about your legacy.
• Provides guidance on organization-wide metrics such as employee surveys, succession management metrics, and performance development plan audits.
• Includes "Taking Action" sections that provide tools for developing future talent in individuals, teams, and organizations.
• Discusses relevant books, articles, and research studies that deepen your understanding of the subject matter.

Part I

Building Your Leadership Pipeline

If the research suggests that experience is the best teacher, then a leader’s job is the best classroom. That makes the task of developing future leaders easy, right? Just throw your best and the brightest into tough assignments and see who survives on the other side. Unfortunately, this strategy leaves a lot of carnage along the way, including several people who might have made great senior leaders if they had been given the right assignments and the right kind of support. The costs don’t stop there. “Survival of the fittest” as a succession management strategy guarantees that some of these leaders will damage the business on their way down and leave a hole in your leadership team. Ironically, the leaders who emerge on the other side won’t necessarily be the ones you want. All you will know is that they survived today’s challenges but you have little idea if they can meet tomorrow’s challenges. In fact, they are more likely to get stuck in the past - a one-trick pony, relying on the skills that got them to where they are now. This strategy might be okay if you run a business in a static environment but this isn’t the reality that most businesses face today.

Leadership development should be strategic, not random and unfocused. Haphazardly throwing leaders into stretch assignments is dangerous if you don’t have a clear vision of the future. Leaders need to know what they should be learning to make the most of any developmental opportunities. Even if leaders never change jobs, they will invest their time and effort more productively if they are provided a framework they can use to think about their development; they will be able to focus on experiences in their jobs that are important, the leadership competencies that they will need, and the kinds of relationships that will best develop them as leaders. Each of these three topics will be covered in turn.

In Part I, we discuss how you can identify the types of leaders that you will need to meet current and future business challenges, and how you can systematically identify the job elements that will best develop those leaders. We discuss how you can use the business strategy to identify the leadership experiences, competencies, and relationships that future leaders will need. Each chapter includes several specific actions you can take to develop yourself, to develop the people who report to you, and - if you are a senior leader or HR professional - to develop leaders throughout your organization. We conclude Part I with some talent management metrics you can use to assess the strength of the leadership and professional talent in your organization.

Chapter 1

Linking Business Strategy and Experiences

The Challenge

If you are like most leaders, you worry about the leadership strength in your organization. For example, you might be confident that you have managers who can execute against the current strategy, but are worried that they are not prepared to take the business in new directions. You might have young leaders with lots of potential, but they lack the insight and wisdom that only experience can bring. Or maybe you are worried you don’t have enough leaders who are ready to move into senior roles.

In the next three chapters, we discuss how you can identify the experiences, leadership competencies, and relationships that are most critical in the development of your future leaders. The three areas can be considered interrelated but distinct aspects of leadership development. Taken together, the experience, competency, and relationship taxonomies that you develop can become the framework that all leaders in the organizations can use to assess themselves and to identity what they can do to develop their leadership capabilities. We start with developmental experiences. Experiences are where leaders develop the competencies and the relationships that they need to be successful. The next question is obvious: What are the “right” experiences and where are they in my organization?

The Bottom Line

There are some simple, basic steps that you can take to identify the critical developmental experiences in your organization and turn the taxonomy into a set of tools that you, your team, and your organization can use to build future leadership capacity.

Figure 1.1 The foundations of leadership development

Start with the Business Strategy

The business strategy is always the place to begin. Most organizations already have this in place. If you are in a small company, everyone should know what this is. If you work in a division or department within a larger company, consider the role that your team plays in the overall strategy. If you don’t have a strategy, take the time to work with your team to clearly define the business you are in and the value you provide.¹ Once you have a clear picture of where you are going, you can identify the kinds of leaders you will need to meet the future challenges and how future leaders will need to be different from the leaders you have in place today.

Don’t Reinvent the Wheel

Your business strategy provides the context for what is important. Next, it’s time to identify the experiences that will develop leaders who can achieve your business goals. Rather than trying to identify the experiences from scratch, start with the ones that have consistently emerged in research as the most critical in the development of leaders (see box below).

Find the Experiences that are Unique to Your Organization

Once you understand the business strategy and have reviewed the experiences in the box above, work with senior executives in the organization and/or members of your team to identify the 10-20 experiences that are most important in your organization. Several of the experiences are likely to be the same ones listed in the box, but others are likely to be unique to your business. For example, some of the unique experiences might include holding a leadership position in one of the key business units or functions or geographical locations specific to your organization. In an information technology (IT) company like Microsoft, critical experiences might include time in a technical leadership role, time in a sales and service leadership position, or experience in a global assignment. In a manufacturing company like Boeing, spending time in the commercial airplane and in the defense industry parts of the business will be important experiences for senior leaders.

Good to Know:

Core Leadership Development Experiences

Below are some of the experiences that have consistently emerged as key events in the development of leaders.²

First supervisory position: the first time a leader is formally required to manage a team and get things done through other people.

Start-ups: launching a new business venture and experiencing all of the phases of building a business from scratch.

Turning a business around: fixing or stabilizing a failing business.

Key business units or functional experience: experience in a key business unit or function within the organization. For example, in a technology company, this might include managing software developers. In a manufacturing company, this might include managing a production line.

Managing a larger scope: a significant increase in scope that includes expanding the functions or business lines being managed or moving to a more senior leadership level (e.g., moving from functional to business unit management) that requires advanced and significantly different leadership capabilities.³

Good/bad role models: exposure to a particularly good or bad role model. Most often this will be bosses but could include personal role models outside of work.

Lateral transitions: moving from a line position (e.g., leading a business unit) to a staff role (e.g., moving to corporate headquarters) or vice versa. This may also include moving from one department to another that is significantly different (e.g., from manufacturing to sales and service).

Failures/mistakes: experiencing a significant failure or mistake and learning the lessons that come with it.

Dealing with a problem employee: managing a poorly performing employee, including the need in many cases to eventually fire the person. This may be the first time a manager has to fire someone, or the removal of a highly visible senior leader later in one’s career.

Significant career change: significant transitions in one’s career such as taking a large career risk, moving to a new organization, or moving to a new industry.

Leadership training and development: participating in an executive and leadership development program, a job rotation program, or the pursuit of an advanced degree.

Personal life events: having experienced powerful personal events, outside of work, that led to a significant change in one’s approach to leadership including traumatic events such as illness, divorce, or the death of a family member or positive events such as early childhood experiences, student leadership, becoming a parent, or community service.

Global experience: working and living outside one’s home country in a job that requires leading people, teams, and organizations in a culture significantly different from one’s own.

Use the questions in the box below to identify the key experiences in your organization or department. In a larger company, interview senior executives to identify a short list of experiences. In medium to large organizations an HR professional can support this effort. In a smaller organization or within a single department, the senior leader of the group could simply meet with his or her leadership team to create the list.

Tips:

Identifying Key Experiences in Your Organization

The following questions can be used to identify the experiences that are most critical in the development of leaders in your organization. Talk to senior executives and other people who understand the current and future challenges facing the company. Other people to interview might include leaders working directly with key customers, high potential leaders in key business functions and geographies, and people in the strategy depart...

Table of contents

• Cover
• Praise for Real Time Leadership Development
• Title
• Copyright
• Foreword: Getting Development Out of the Little Box at the End of a Form
• Series Editor’s Preface
• Preface: Your Job is the Classroom!
• Acknowledgements
• Part I: Building Your Leadership Pipeline
• Part II: Capturing the Lessons
• Part III: Drawing on Other People
• Part IV: Building Experiences into Talent Management
• Part V: Moving from Success to Significance
• Conclusion: The Bottom Line
• Notes
• References
• Index