Just like in life and society, leaders are need in businesses as well. In fact, it won’t be wrong to say that leadership and management run parallel to each other. Companies can hire leadership from outside, or promote leadership from within the existing workforce. In both cases, the aptitude of the one assuming a leadership position is integral to the growth of the company.
This is where leadership development comes in. Read on to learn what leadership development is and why it matters in your company.
What is Leadership Development
Leadership development aims to provide people with administrative and managerial roles the tools and skills to carry out their roles effectively. The transition from employee to leader is not an easy one, and people need a primer, a crash course, or at least a pep-talk before they can take on the responsibility. Of course, leadership development is also important for existing leaders as they face new challenges in their careers.
Why Leadership Development is Important
Leadership development offers a host of benefits to businesses of all sizes. Companies that have invested in their leaders report better recruitment and retention of employees, for example.
It also leads to productivity gains as leaders learn how to sketch out a clear path for employees.
Most importantly, leadership development plays a key role in improving corporate culture.
The thing about leadership development is that its effects are far-reaching. Leaders who receive the training can inspire their employees to pursue greater opportunities at the firm. Ideally, this also means that there was always be someone assuming second-in-command positions, ready to fill any leadership gaps that arise.
How to Improve Leadership Skills
While it can be debated whether leaders are born or made, the good news is that you can learn and acquire leadership skills, regardless of your personality type.
But note that there are various leadership styles out there, each meant for a specific context. Make sure that you identify the unique needs of your organization before adopting a particular leadership theory.
In any case, clear communication and feedback is the key. As you create strategies for your employees, empower them to take part in the process and actively seek their feedback. Valuing other’s opinions is a key trait of a good leader, and it promotes openness and creativity in the organization, giving employees room to grow.
At Hartman Inc. we place a premium on leadership development. In fact, we believe that the growth and development of people is the highest calling of leadership. A recent example of this core value in practice is our current Chief Information Officer, Daniel Robinson.
Daniel started at the company in 2002 as an administrative assistant and worked his way up to become the executive in charge of the company’s IT division. Daniel exhibited strong leadership and problem solving skills early on in his career, and as a result we gave him a defined career path to advance and succeed, and this has reflected in the growth of our business.
Let’s put it this way: every business needs to invest in its leaders in order to lead the market.