Leadership Development Programs Require Improvement

Release date:
Mar 15, 2009

Organizations have always paid significant attention to the development of their leaders, and yet, only 41 percent of organizations actually believe that their leadership development programs are effective. Only two in five organizations are developing leaders in a way that they feel tangibly benefits the business.

Leadership Development Programs Require Improvement

Organizations indicate low effectiveness of existing leadership development programs at all leader levels, but the problem is most acute with respect to high-potential leader development programs. While the vast majority (90 percent) of organizations have programs aimed at high-potential and emerging leaders, leadership development efforts are simply not succeeding. Organizations are not focused on the right leadership competencies nor are they using the most effective development strategies or content modalities for these learners, who are just beginning their leadership journeys. Developing leaders require a broad foundation that can equip them to meet current responsibilities as well as future challenges.

Why Leadership Matters

Lack of effective and scaled training and development for emerging leaders results in poor quality leadership. With little preparation for managing and leading, it is easy for ineffective leadership behaviors to take hold early—at a high cost to the business, since research indicates that poor leadership practices cost companies an amount equivalent to approximately 8 percent of annual revenues. At the same time, the benefits of effective leadership are also significant. Studies indicate that:

  • 32 percent of an organization’s employee turnover can be avoided through better leadership
  • Better leadership can generate a 3-4 percent improvement in customer satisfaction
  • Better leadership practices could eliminate 5-10 percent productivity drag

Reinventing and Democratizing Leadership Development

With the changing nature of leadership, leadership development must be democratized. Democratization of leadership development allows individuals to become leaders in the moment of organizational need. Mass-access leadership resources, leveraging the best that educational technology can offer, are a powerful solution to support learners as they embark on their leadership development journeys. Organizations can no longer afford to be as selective as they have in the past regarding providing employees with an understanding of what it means to be an effective leader and how to get there.

The Skillsoft Leadership Development Program

The Skillsoft Leadership Development Program addresses the changing way in which organizations need to develop their leaders by providing a scalable, cost-effective, and engaging leadership development experience designed for the modern, digital learner.

The courses support the following new competencies for leading in the digital economy, including:

  • The Agile Leader: Perseverance and Flexibility
  • Leading Virtually
  • Leading Innovation
  • Leading Through the Challenge of Change
  • Embracing Diversity in Leadership
  • Leading with Digital Technology
  • Leading Through Disruption
  • Leading a Customer-Centric Culture
  • And more

A unique learning design and scenario-based pedagogy set the Skillsoft Leadership Development Program apart in the market. Skillsoft’s unique approach leverages a common set of characters throughout the curriculum, including a “leader mentor.” Through compelling drama and pragmatic storytelling, Skillsoft models the critical human-interaction elements of leadership and demonstrates effective implementation strategies within the team context, allowing learners to tie learning to on-the-job leadership behaviors.

Learners also benefit from a wide array of tools and application resources, including reflection questions, knowledge checks, post-course assessments, facilitation guides, leader-led activities and exercises. Additionally, close to 800 carefully curated video-based assets, books, book summaries, audio books, and expert-authored content extend the learning. Skillsoft curates new assets into the offering weekly. to keep the learning fresh and current.