Prudent decision making and constant learning distinguishes a successful leader from the pack. We take a look at the leading trends in leadership development every organization must know.
As the youngest of the Baby Boomer’s age over 60, leadership development for the next generation is high priority. According to an EY report, 64% of respondents consider it as the biggest challenge.
A survey by Training Mag indicates that 82% of organizations prefer using simulations and role plays to help individuals develop leadership skills using tools and techniques such as open-source programs, learning portals, and gamification strategies.
PWC’s global leadership survey shows that CEOs’ growth strategies involve organic growth (79%), cost reduction (62%), strategic alliances (49%), M&As (42%), and partnering with entrepreneurs and start-ups (33%).
According to EY, 84% of C-Suite executives believe they operate in a disruptive business environment. Evidence shows that companies who have leadership driven by a vision or purpose outperform their market competitors by 42%.
Deloitte says that leaders are recognizing people (workers, customers and communities) as a significant asset in addition to their financial and physical assets. In effect, 65% of CEOs have rated “inclusive growth” as a top-three strategic concern for leadership development in the future.