NEXT — Are You Developing Your Future Leaders?
A few years ago I heard Jack Welch say that one of a CEO’s top priorities is to develop the organization’s future leaders. This makes so much sense yet I see so many leaders treat this as an afterthought or only address it in the context of succession planning as their career draws to a close. Yet having an intentional plan to develop future leaders at all levels can have a profound impact on the long-term success of your organization.
Think about it this way — if something were to happen to you, would the rest of the organization be in danger? Who would lead? Are they equipped? Most of the clients we coach who lead larger organizations are very intentional with this.
Some mandate that every executive must identify and intentionally develop their No. 2. They will often move their future leaders from role to role for periods of time to increase their overall understanding of the business. They invest heavily in educating and coaching these leaders.
There are few companies or departments that are too small for this. Decades fly by faster than most of us want to admit. We do ourselves, those we serve and those we lead well by making the development of our future leaders a real priority.
And the real benefit that comes from this is that when those we lead grow, it frees us up to grow and enables us to become even more effective leaders.