Leadership Development Best-Practices

In this Fast Company article, author Jim Bolt looks at how 100 top companies rated themselves on Executive Development Trends.

According to Bolt, the following is a list of common "best practices" used by companies to develop executives and leaders.

(Task: Try to list those in which your organization excels:)

• Linked to Strategy
• Top Management Driven
• Strategy & System
• Thorough Front-End Analysis
• Custom Designed
• Leadership Profile, Feedback and Individual Development Plans
• Top-Down Implementation
• Action-Oriented Learning
• Succession Management
• Integrated Talent Management System
• Measurement
• High Potential Identification and Development

The chart above shows how the they came out on their self-ratings.

BOTTOMLINE: Nearly 70% said they excel at creating custom-designed programs that address their unique, company-specific challenges and opportunities, and help create and/or drive their vision, values, and strategies -- that's the best of the best-practices. On the other hand, the "worst practice" relates to measurement or metrics for executive/leadership development. Only 20% say they excel in that area.