In their 2010 research study, however, leadership development has increased in prominence, with a surprising 75% of organizations citing it as an important issue.
Other key findings:
- only 23% said they were effective at developing leaders internally - a gap of over 50%.
- only 14.3% of high-performance organizations have a process for identifying gaps in leadership development.
- Only 25% of the study's respondents said leadership was effective at managing change, yet 74% said change management was important.
- Strategy execution and alignment was another area of concern. Though 79% of respondents said aligning the workforce to business strategy was important, only 33% said they were effective at doing so.
BOTTOMLINE: "Companies should be treating leadership development as both an urgent survival tactic and a business opportunity. The companies that get it right - and several high-performing companies are doing it right already - have potential for great success."