This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Zenger Folkman Study: For Some Companies Leadership Development Is Too Little, Too Late









SALT LAKE CITY, Feb. 12, 2013 /PRNewswire/ -- Leadership development firm Zenger Folkman's recent study of a Silicon Valley software firm reveals companies are waiting too long to begin leadership programs.  After spending much time, money, and effort in developing leaders when asked about the one thing they would do differently in the future, they replied, "We'd begin this earlier in people's careers."

(Logo: http://photos.prnewswire.com/prnh/20120905/LA67993LOGO)

Why don't companies start leadership development earlier in people's careers? In their recently published Harvard Business Review blog and upcoming webinar, Jack Zenger, CEO of Zenger Folkman, explained that after analyzing 17,000 leaders it was, "no surprise to discover that the average age of all participants was 42." Less than 5 percent of all participants were under 27 years of age and only 10 percent were under the age of 30.

"Think of the advantage to be gained by this person beginning some formal leadership development activity at an earlier age, rather than waiting for nearly a decade to begin," Zenger said. "Prior research has shown that less than 10 percent of leaders, left to their own devices, will have any personal plan of development without the encouragement of some formalized process sponsored by their company."

There are many reasons why leadership development started earlier can benefit companies. It just makes sense because employees can:

1.      Learn more easily at a young age

2.      Avoid acquiring bad habits

3.      Enjoy a longer time to practice

4.      Benefit the organization with their improved skills

5.      Enjoy success earlier

What can companies do to start making this change? Start focusing more on Gen Y.

"Today we are devoting roughly three-fourths of our development effort to Gen X and 20 percent on Gen Y," Zenger said. "We concur with our colleague from the Silicon Valley software firm—we would be wise to invest more in the development of the Gen Y group."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs