A business is only as good as the people who lead it. If a company improves, it’s usually because its leaders have improved. When businesses stagnate or decline, leaders often fail to improve. Unlike fine wine, executive quality does not automatically get better with age. Maybe it’s time to consider strategy execution coaching for your leaders.
One reason a leader’s performance may not continue to improve is due to a lack of development. Less than 1% of global corporate learning and development spending is allocated to senior executives. Responsibilities as a leader and impact on business success or failure Increasetheir development support reduceand in many cases, disappear completely.
Companies that give up on executive development should take note: Over a decade, the top 15% of investors in leadership development grew 85% more in market capitalization than the bottom 15%. Failure to develop senior executives properly can result in failure to achieve your financial goals.
Every world-class performer has a coach. Does your executive team have one?
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