Crafting a Strong Business Case: The Key to Successful Leadership Development !

📉 Less than 20% of companies report that their leaders engage in thorough discussions about how Human Capability topics can create more value for all stakeholders.

💡 Building a business case for leadership development should focus on the “why.”

➡️ Understanding the “why”—or identifying the value that leadership investments aim to achieve—is just as crucial as focusing on the “how.”

❓ Having leaders answer two “why” questions before any leadership development program ensures that the commitment to improving leadership is grounded in a clear business rationale., according to a new interesting research published by The RBL Group using data 📊 from their internal clients.

✅The six-step process of “leadership brand”

Researchers recommend that organizations investing in leadership development should adopt a six-step process known as the “leadership brand” to guide all leadership transformation efforts.

✔️Build a business case for leadership

The business case shows how leadership investments contribute to organization goals. It also ensures that investments in leadership deliver the right results.

✔️Agree on what leaders must do

Consensus and clarity about what leaders must do is the foundation for all activities to build leadership brand.  A good leadership profile covers the basics as well as what is different about leadership at your organization

✔️ Assess leaders and leadership

Assessing leaders provides important information on existing strengths and gaps at an enterprise level.  This information informs and focuses leadership improvement initiatives. Assessing leadership involves identifying gaps in the organization’s capability to build leaders.

✔️ Invest in leaders and leadership

Developing leaders requires investments in both individual leaders and in leadership systems and processes that can build a reliable pipeline of leadership talent.

✔️ Measure leaders and leadership

Measuring progress, monitoring results, and feeding that information back to shape ongoing efforts is critical to success.  Measures should clearly tie back to the results identified in the business case.

✔️ Ensure reputation

Ensuring reputation involves two critical activities: sharing the results of investments with relevant stakeholder groups and monitoring and building reputation.

✅Building a business case for leadership is critical

Researchers have found that the initial step of building a business case for leadership delivers the highest value (score of 3.22) across various outcomes, including employee engagement, business strategy, customer satisfaction, investor confidence, and social responsibility.

Investments in leadership development often do not yield visible, satisfactory returns, and researchers believe that the absence of a clear business case, the first step of the leadership brand work, is a key reason why.

✅Start by answering the “why” for in leadership development,

❓ Researchers suggest companies to answer the two question below before investigating in leadership development:

• Why does leadership matter to our company’s success?
• Why should I enhance my personal leadership skills?

By answering these questions, researchers believe that organizations can ensure that their commitment to leadership improvement is based on a solid business rationale. Additionally, it helps individuals attending leadership development courses understand their purpose, learning objectives, and areas for improvement.

☝️ 𝙈𝙮 𝙥𝙚𝙧𝙨𝙤𝙣𝙖𝙡 𝙫𝙞𝙚𝙬:

This insightful research has uncovered crucial insights into the “why” behind leadership development. We know that leadership development is one of the top talent issues for organizations, and selecting the right leaders to enhance their skills is vital for business success. RBL Researchers have highlighted that when people understand and embrace the “why,” they are more likely to actively engage in the “what” and the “how.”

🙏Thank you The RBL Group researchers team for sharing these insightful findings:

Dave Ulrich Rodrigo Calderon Harrison James

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