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Leadership development is a process undertaken by organizations to develop their leadership teams, both present and future. Leadership development involves planning and executing primarily two tasks – identifying talent that can lead the organization and retaining and nurturing them to take up leadership roles. Leadership development can be carried out in different ways for various reasons.
Leadership development can be carried out to create an internal pipeline of new potential leaders proactively or train and develop existing leaders. Leadership development is a precursor to succession planning and helps organizations plug future talent gaps and better prepare to face unplanned events that may harm business interests and long-term sustainability.
Leadership competencies are essentially the behaviors or skills that define an effective leader. Creating a leadership competencies list enables organizations to have a blueprint for identifying and developing present and future leaders.
A leadership competency framework is a set of competencies crucial for ascertaining success in leadership positions. A leadership competency framework is modeled after an organization’s vision and strategy to enable leaders to focus on expected behaviors and results.
Leadership assessments help organizations hire and develop future leaders. Leadership assessments are personality tests that gauge personality attributes, such as effective communication, empathy, inspirational, etc., required to become an effective leader. Leadership assessments can be used to identify the strengths and areas of development of the test-takers.
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Leadership assessment tests predict leaders’ behavioral tendencies and identify a dominant leadership style for determining their role fitment.
Leadership competencies are the behaviors or skills that enhance a leader’s performance. A competency-based leadership development method enables companies to identify and develop future leaders.
Fast-changing business landscape requires a fresh approach to leadership development framework model to survive and thrive in a complex and ambiguous world.
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