This Day On The Street
Continue to site
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

Today's Leadership Development Approach Does Not Work

NEW YORK (TheStreet) -- A 2012 survey of 500 executives conducted by The Conference Board found two-thirds of the respondents named leadership development as their top human capital priority.

However, a study by Accenture found that only 8% of surveyed executives feel their company is proficient in developing leaders. Additionally, a study by the Corporate Leadership Council found people management training improved productivity by only 2%.

Although leadership development is perceived as important, today's paradigm doesn't seem to work.

The reason is simple. Leadership is a complex skill. But today's leadership development approaches are inconsistent with tried and true skill development paradigms.

Take, for example, playing the piano. The standard development method is, at a minimum, a weekly one-on-one lesson with a teacher followed by an hour, each day, of focused practice.

Must Read: Dividend 15 Split Corporation Named Top 25 Dividend Stock With 10.27% Yield (DFN)

We all know that to achieve even moderate piano skills, years of lessons and practice are needed. There are very few, if any, master pianists who started their training in adulthood.

Or, consider golf. Like learning piano, becoming an expert golfer requires a coach, one-on-one lessons several times a week, and daily practice. The best golfers break their game into pieces: long drives, approach shots, sand traps, putting, etc. Then they focus on one piece and repeatedly practice until it is mastered. Most importantly, golfers receive immediate feedback. Immediate feedback is what makes golf fun.

Let's compare skill development paradigms of piano and golf to leadership development.

In many large companies, leadership training begins after a manager is promoted -- when a manager reaches his/her late 20s or early 30s. If 30 years old is too late to master a complex skill such as speaking a foreign language, could it also be too late to master leadership?

Corporate leadership training is commonly conducted in episodic classes that last from three days to two weeks. But how useful are these big gulp classes? Once a pitcher is full, the water runs down the sides. Two months after the class, a participant will be lucky to remember two or three concepts. Would a big gulp strategy be effective for learning to play the piano?

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.19 0.00%
FB $118.06 0.00%
GOOG $695.70 0.00%
TSLA $222.56 0.00%
YHOO $37.40 3.90%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs