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
- 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.