An increasing emphasis on outward-looking leadership. Mike Henry’s post of a week or so ago on his Lead Change Group site outlined 3 changing leadership development trends and 3 staying the course trends that I found to be both on the mark and thought provoking….Oddly the 3 changing trends are somewhat in line with my thinking…especially his second regarding leadership … Tomorrow’s leaders will have to have a keen understanding of the main types of innovation, which are product innovation, process innovation, and business model innovation. With the average age of the first-time … Now, many organizational leaders take this one-time ability to change as a demonstration that rapid change is possible and needs to become the norm. • How do you ensure you and your people can remain balanced when the sprint becomes a marathon? More is being asked of leadership, and more will be asked of leadership as we arrive in the year 2020 and beyond. For the most part, it won’t … Many organizations were effective at implementing significant change quickly during Covid-19. Future leadership development needs the basic assumption that leadership is a relational activity. Greensborough, North Carolina: Center for Creative Leadership. There are 3 changing trends in leadership development that I can deduce from watching the evolution of social media, the Internet and the leadership development community. Leadership today, tomorrow, and always will require a commitment to accountability and transparency in our actions. The World’s #1 Executive Coaching and Business Coaching Blog (2017-2020), June 26, 2019 | A future where organizations balance robust financial rewards with creating healthier communities and societies. Another consequence of rapid technological advancement is a faster rate of change. • How will this flexibility impact your access to new opportunities for you and possibly your family? • How is economic volatility impacting you? Here’s what top leaders must know in order to ensure effective leadership as we move into the third decade of the 21st century. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. © 2021 John Mattone Global, Inc. All rights reserved. The Future of Leadership Development. Artificial intelligence has the power to completely transform how businesses operate and people work. There are innumerable reasons, but there are two that are especially important. Rarely is lack of innovation due to a lack of great ideas. These shortcomings make it even harder. Underlying and amplifying these trends is the rapid digitization of content and interaction, which is reshaping the leadership development industry in three important ways. • How is climate volatility impacting your organization? Increased financial debt, polarization, geopolitical instability, Covid-19 and “unprecedented climate events” are colliding to amplify one another in unpredictable ways. To create this future, leaders need to understand the current leadership trends as well as the overarching megatrends. Change management requires discipline, and though techniques are unique to the organization, it often includes steps like: The process of innovation gets better with practice. The era of the monolithic company that remains the same or changes slowly over the decades is over. ... Not fully understanding local markets, trends and deep-rooted social and cultural nuances can lead to failure. The 7 emerging trends reshaping leadership development — a mix of challenges and imperatives that are influencing tomorrow’s workforce; Specific strategies you can use to respond to each of these 7 emerging trends; Ways to equip your people — regardless of job title or responsibility — to think more strategically and become … The report published by the Institute of Leadership and Management unveils another important future leadership trend to be an increase of interest in core skills such as motivating direct reports, communication, setting goals and task delegation. With so much focus on diversity and inclusion, … Knowing how to develop leadership talent and when to implement coaching requires understanding changes in the business world and in the makeup of the workforce. • How do you work together to address the challenges? It stands to reason that when that diversity extends to top leadership, those advantages would be amplified further. Future Trends in Leadership Development Like most things in today’s world, leadership development is changing quickly. It’s never been easy to identify and develop talent in next-generation leaders, but today it’s more challenging than ever due to a worldwide market where competition for talent is fierce. It’s no secret that technology is evolving at a breathtaking pace. Unfortunately, employee engagement is still abysmally low in America: 34%, according to a Gallup survey. 855.433.5945. I invite you to imagine the impact you want to see and work to create it. A Forbes Insights and Scrum Alliance survey found that 81% of executives consider agility to be the most important characteristic of a successful business. The presence of different backgrounds, experiences, and perspectives in the leadership suite helps everyone think outside their own point of view, which is great for problem-solving and innovation. • Is your organization designed to evolve and thrive as the ecosystem continues to evolve? Forbes Coaches Council is an invitation-only community for leading business and career coaches. Even when done as well as possible, leadership development — systematically building the capabilities needed to lead effectively now and in the future — is hard work. Both commercial strategies (including innovation, efficiency, and agility) and “people” strategies are evolving quickly as the world becomes more connected. Resilience, agility, and adaptability are mandatory traits for tomorrow’s leaders. • Where in your life do you have more flexibility, such as the option to work from alternate locations? • What do you need to be able to do that you can’t yet do? Here are some of the expected future trends in leadership development programs. That’s why more businesses are creating project-based teams, and even entire departments devoted to innovation. It’s not easy, especially for more traditional managers. • What new topics do you need to understand? Disruption and the constant push for innovation enable technology to replace many traditionally lower-skilled jobs with robots and robotic process automation, yet many jobs require special skills. Mobile Learning for Millennial Managers. When top leaders are trained and coached in change management, the entire organization can meet change with less resistance, better engagement, better performance, lower cost, and most importantly: an outcome where the organization is better than before. AI, Big Data, and Technology in the Executive Suite. Category: Blog, Intelligent Leadership. • Now that you have proven you can deliver quickly (in response to Covid-19), what are the expectations for ongoing speed? Succeeding with innovation requires gathering ideas, evaluating ideas, and actually implementing them. This has always been true and always will be true, but today, businesses simply can’t get away with a lack of accountability (for long, anyway). Competition changes, the marketplace changes, and there’s no such thing as certainty. Accountability – the practice of working with integrity, holding others and oneself responsible for decisions, behaviors, and actions, Agility – the ability of an individual, team, or organization to sense changes and respond accordingly and quickly, Change management – a systematic approach to anticipating and executing change in an organization to minimize problems, maximize benefits, and support affected people throughout, Employee engagement – the emotional connection between an employee and their work, which makes them want to excel and more prone to apply discretionary effort, Innovation management – an approach to innovation of products, processes, or business models that encourages innovative ideas and also puts real support and resources behind development of the best of those ideas, Succession planning – a systematic process of recognizing future leaders and planning for replacement of existing leaders when they leave the organization, Transparency – the practice of “saying what you mean and meaning what you say” in business. We, as leaders and people, need to continue to adapt to a broad range of changes in our personal and professional lives. A future where people earn a living wage to provide for their families without relying on government assistance. In this year’s Global Human Capital Trends survey, 80 percent of respondents rated leadership a high priority for their organizations, but only 41 percent told us they think their organizations are ready or very ready to meet their leadership … Trend 7: More freedom to work where and how we want — and less privacy. Why should top leaders care whether their employees are engaged in their work, as long as the work gets done? Maureen Metcalf Forbes Councils Member. In an analysis of future leadership development trends, Nick Petrie, a senior faculty member with the Center for Creative Leadership, asks, “What will the future of leadership development look like?” After interviewing 30 experts, Petrie concludes that the era of the “heroic leader” is giving way to “collective leadership” and that … Leadership Trends For 2021 And Beyond. Some ways that companies are maximizing the effectiveness of multi-generational leadership teams include: Executive suites are more closely reflecting the diversity present in the rest of society. Workers in both the “better lighting” and the control groups were more productive during the experiment. • Who is your tribe, and how do you stay connected? We can leave a legacy where future generations look back and see this time as a renaissance — when the foundation was laid to create a future better than many people living could imagine. • How is the possible realignment of the social contract to create equal opportunity across all races and gender orientations impacting your organization? Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. Like it or not, people perform better when they know they will be held accountable for their actions. (https://www.i-l … Around 20% of people age 65 or older are still working, and that’s the highest percentage in more than 50 years. A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental stages). Making the most of generational diversity in leadership means understanding that everyone is a person and not a statistic. Trends in the management of “human capital” have been a topic of leadership development for decades. At the level of the front-line employee, agility means that some managers will have to change from telling employees what to do and how to do it to focusing on mission-critical initiatives and removing organizational impediments that prevent employees from achieving the best results. Mature accountability means we want to perform well whether or not we’re being watched. Accountability matters. All Rights Reserved. In large organizations, leadership development is carried out by the L&D team who are assisted by the leadership team. A future where all of the world’s population has enough food and water. • What is your North Star during turmoil? Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. Some businesses are even changing leadership hierarchies to accommodate agility. And without the buy-in and support of top leadership, innovation on a game-changing scale won’t happen. But … The development of effective leadership coaching programs is essential, and the role of leadership coaching is growing as more people realize the effectiveness of coaching in bringing leaders to maturity. But regardless of how much leadership potential a person has, putting them into a leadership position without proper training and preparation is asking for disaster. • How are your cultural values evolving to meet changing social norms? But make no mistake: AI, big data, and technological advancements, in general, will have an effect on senior leadership, and leadership development programs must take these technological trends into account. • What challenges do your team members face? Trend 2: Continued erosion of trust in societal institutions and a weakening of the principles that sustain those institutions. It was the fact that workers knew they were being observed. • What routine do you need to create to refresh your knowledge and skills continually? Organizations' inability to predict and plan can impede progress in addressing critical issues, and the slow action can accelerate the underlying problems. Trend 3: More complex global system optimization, including resilience, geopolitical impacts, social justice, etc. In the past, we optimized for profit and efficiency; now, the equation is more complicated. Delaying retirement may happen for a variety of reasons, including not having sufficient savings. A future where human exploitation is an exception rather than a common occurrence. Trend 5: Major shift in knowledge and skill requirements for both leaders and employees. Without proper succession planning, changes are far more disruptive and painful. We’ve been talking about the … Have you heard of the “Hawthorne effect?” It was coined based on experiments in the 1920s at Hawthorne Works, a Western Electric facility near Chicago. Trend 1: Economic volatility impacting society and the workplace, increasing polarization on global sustainability, and social justice issues impacting international relations and local communities. • How do you shore up your foundation during turmoil? But this is actually higher than it’s ever been, which is good news. The truth is, in any consumer-focused business, diversity is one of the best ways to unleash the full potential of the workforce because a diverse workforce better understands and better reflects the consumer population. Let’s be honest: succession planning isn’t much fun. The lighting wasn’t the differentiating factor, so what was? For organizations to function effectively, employees and participants need to trust leadership and one another. Therefore, neglecting leadership development programs and leadership coaching is tantamount to neglecting the entire organization. Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. The experiment was simple, really: would workers be more productive if the factory were more well-lit? Leadership development programs must at least touch upon the importance of succession planning. Alongside the skills that future … But it also means understanding that different people need different things to thrive in a leadership position. • Who has power? We surveyed hundreds of clients, leaders, and decision-makers in the Learning & Development field, representing a cross-section of industry, education, and nonprofit sectors from … They hire data scientists and programmers for that. Read Maureen Metcalf's full executive profile here. Leadership coaching will play an increasingly important role too, as people enter leadership roles with expectations that they will get up to speed and deliver results as quickly as possible. The same survey found that 44% of businesses have introduced flatter management structures in order to be more adaptable. • Where are you trading flexibility for privacy? Success in the 21st century requires commercial strategies as well as “people” strategies (which should include leadership development). I’ll talk about the trends I see at the end of 2020 based on my clients' work, as well as 50 interviews I conducted with executives, authors, thought leaders and academics. Leadership will not become easier in 2020 and beyond, though technology and automation may make certain processes faster. Latest insights from The Institute of Leadership & Management has revealed that small organisations are more likely to prioritise people before profit (29%), while 24% of medium sized and 28% of large organisations prioritise ensuring compliance with rules and procedures. Never before have we lived in such a fast-paced business environment. It has expanded to include a greater emphasis on geopolitics, workforce health and social justice, among others. This responsibility will be significantly shaped by the following 10 trends and truths about the future of leadership development. As an interconnected global system, we are facing opportunities to address risks and create a more sustainable, just and fair future for more people. In 2020 and beyond, the steps leaders take today will bear fruit. New networks leveraging IT to share information and spread new ideas challenge hierarchies within and across systems and add complexity to supply chains that may amplify otherness among stakeholders and even within organizations. A culture of accountability leads to more honest feedback, forces people to follow through on commitments, keeps us grounded in reality, and prevents small problems from turning into big problems. ... development and recruitment. Leadership must be ready, and leadership development programs must identify leadership potential and performance early and offer genuine assistance to those talented people so they can become highly effective leaders. But on the positive side, more Americans delay retirement because they like their professional life, and increased life expectancy makes it more practical for many. The need for leadership development has never been more urgent. Mentoring and Coaching are just right, right now. • What changes do you need to implement? In the real world, however, organizations always operate in a context that is in flux. This represents another … • Personal Rapport. Thus, accountability matters because lack of it can lead to bad PR and a tarnished reputation. Here are steps companies can take to prepare leadership for inevitable changes: Success tomorrow depends on recognizing and developing leadership talent today. But embracing agility is no longer an option among organizations that plan to seize opportunities and move forward out of their comfort zones. • What opportunities are available to you now that were not before? Clearly, we have entered an age of agility in business, and it starts at the very top. • What are the biggest challenges you face? Do you see a move from hierarchy to distributed power? Future Trends in Leadership & Management: Shifting Priorities. The CEO and other C-level leaders must play their part in driving the adoption of agile practices throughout the enterprise. It represents the lack of hidden agendas and commitment to honesty, JOHN MATTONE GLOBAL, INC. Here are some of the reasons why leadership development programs must emphasize employee engagement. Leadership development will become more personal. Techniques that used to work may work no longer. Employees who are engaged in their work add more value than those who are disengaged. Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. No longer will having a locked suggestion box in the break room pass as a true innovation program. The "Chief Organizational Capability Officer" Emerges But today more than ever, effective, engaged leaders have to stay on top of current trends influencing their company, industry, employees, and the world at large if they are to continue to produce results. Future Trends in Leadership Development: A White Paper. Employees who are highly engaged in their work are likelier to add discretionary effort and go that extra mile to ensure excellence. Often, the problem is in evaluating, prioritizing, and executing those great ideas – a Herculean task, but one that must be accomplished to retain a competitive advantage. That’s why leadership development programs and leadership coaching are absolutely essential to the business that is committed to success in this fast-paced, technologically evolving era. • How does the gig economy provide you with increased capacity? 1. • How does social and restorative justice impact your thinking about your work? With up to five generations in the workforce, it’s only natural that leadership will reflect generational diversity as well. Command and control leadership will be seen less and will eventually be phased out by natural selection as new generations have a style of leadership that is a product of how they see the world. Many of the ideas associated with integral leadership are beginning to show up in the mainstream business and organizational literature. This is a good thing! The overall trend is towards greater flexible working in the … The chances of engaging in unethical behavior and never being called to account for it are slimmer than ever. Change management is necessary for situations such as: Disaster preparedness is another type of change management that you hope you never have to use, but that you must be ready for, nonetheless. Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. Leaders must devote time and resources to innovation by employing technology (like innovation management software) and actually following up and implementing great ideas. They will want trust, autonomy and independence. The ability to make trade-offs, evaluate risk, and exercise good judgment based on values and goals will always be critical leadership skills regardless of technological advancement. At the same time, Generation Z (the younger siblings of the Millennials, born starting in the late 1990s) are entering the workforce in increasing numbers. Trend 4: Increased expectations to deliver results faster. Accountable organizations attract accountable people, and accountable people know that sometimes it’s harder to do the right thing, but that it’s better in the long run. Leadership programs are set to become more personal in their approach towards training students. Forbes Councils member Christopher Washington, Executive Vice President and Provost, Franklin University, contributed to this article. Read Maureen Metcalf's full executive profile here. And a highly engaged workforce has lower turnover, saving the company tremendous amounts of time and money. • What are the likely impacts you and your organization will face in the next three-, six-, nine- and 12-month cycles? Year after year, organizations tell us they struggle to find and develop future-ready leaders. It is not just about how the whole process goes, but also about how today’s leaders work and … Get on track These deficiencies create significant financial waste and pose real strategic risk for most organizations. • How are your systems and processes evolving to reflect systemic changes? We have the opportunity to plot a future that is unlike our past. Mass migration, remote work and learning impact who can work, where work is done and the nature of work itself. Ft. Lauderdale, FL 33301 Executive leaders must commit to succession planning as part of “business as usual,” and they must view top-level leadership as something that is dynamic, not static. © 2021 Forbes Media LLC. AI and big data may not make executive decisions, but they can inform them in new ways. • How do your values impact your decisions and actions? For the most part, it won’t be the people in executive leadership who will implement artificial intelligence and big data analysis in their organizations. Rewards of greater agility include faster time to market, faster innovation, and improved non-financial business results (such as improved company culture). We are facing opportunities to address risks and create a more sustainable, just and fair future for more people. Four Trends for the Future of Leadership Development More focus on vertical development : There are two different types of development–horizontal and vertical. Multiply Your Success with Deep Insights from John Mattone, Executive Coaching, Retreats and Online Leadership Academy, INTELLIGENT LEADERSHIP EXECUTIVE COACHING, COACHING DEBRIEFS & INTELLIGENT LEADERSHIP, John Mattone’s 50 Laws of Intelligent Leadership, are better at developing innovative products and services, neither AI nor big data will make decision-making easier, The Importance of Delayed Gratification to Good Leadership, How to Build Trust in Leadership in Tough Times, Polish These 6 Mediation Skills to Lead in 2021, 4 Tips for Coaching High-Potential Leaders, Cultural Transformation Brings Tangible and Intangible Benefits, Executive Coaching Definition, Stages, Benefits, Strategies & Results, How Executive Coaching Trends Will Change Over the Next Decade, Recruiting for age-agnostic qualities – those that make sense in your corporate culture and with your goals, regardless of the age of the person possessing them, Understanding the balance in leadership that must be struck between stimulation and stability and choosing leaders – regardless of age – who possess the qualities you need, Experimenting with a “buddy system” pairing diverse leaders to tackle specific problems, Ensuring CEOs make time to talk face to face with top leaders on a regular basis because it’s one of the best ways to get real feedback and understand the company’s leadership culture better, Physical relocation of a team, a branch office, or an entire business, A major upgrade to IT infrastructure or software, Reorganization of a department, branch, or entire business, Identifying precisely who will participate in the change, Identifying how groups and individuals will change, Creating a plan for ensuring change participants have the leadership, training, and coaching they need, Understanding how change will affect company culture and planning accordingly, Monitoring change and addressing problems, Profitability is 21% higher for highly engaged teams, Most HR leaders agree that peer feedback (a hallmark of engagement) is necessary for successful outcomes, Employees who believe they are listened to are 4.6 times likelier to feel empowered to perform at their peak, Ninety-six percent of employees believe that empathy improves employee retention, Disengaged employees cost companies in the U.S. some $550 billion per year, Institutionalize a data-driven succession planning process to prevent bias, Identify criteria and qualities essential to a new executive leader’s success, Create an onboarding and transition process for leaders transitioning to new positions, Emphasize the importance of long-term leadership development, Revisit leadership criteria as the business evolves. 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