Developing Leadership Potential
May 24, 2018
An essential guide to developing leadership potential with practical steps your company can follow to start seeing business results today.
Turning Potential into Profit
Your high potential leaders will be the future of your company. But are you placing your bets on the right group of people? Or is your focus too narrow?
Companies must move beyond developing only a few “high-potential heroes.” Instead, companies must focus on developing leadership potential on a broader scale.
In this guide, learn practical steps to surface, activate, and accelerate leadership potential across your organization. Read real stories about how others have taken these steps and experienced positive business results. We also list out best practices to act on today, and research that supports why these methods work.
Why finding and developing leadership potential is critical to your bottom line
Why is it important to surface leadership potential on a broader scale? The research shows it enables companies to be more profitable and more diverse. But that’s not all. When companies rely on the shared ability of their teams, they make better decisions.
- Companies in the top quartile for racial and ethnic diversity are 33 percent more likely to have financial returns.
- Companies that embrace and foster a culture of shared leadership are five times more likely to have a strong leader bench.
- When you solve problems from only one perspective, you build in an error rate of about 30 percent.