Your Executive Leadership Development – Sink, Swim, or Set up for Success?

 

Executive leadership of any company has immense responsibility on their shoulders to steer the entire company.  Executive leadership’s collective effectiveness determines the success or failure of the entire organization.  In a company with 1000 plus employees, it is not unusual to see an executive leadership team (ELT) of 30 odd leaders.  What are you doing to develop your executive leadership team development?..

 

The Executive Leadership Team

 

In most companies, the board of directors occupies the top level of the organization and often includes the company founders and independent directors. In addition, the Board of directors usually has an advisory role.

 

The highest-ranking executive leadership position in any organization is the CEO or the Chief Executive Officer.  Sometimes the titles may be different – MD (Managing Director) or something else, but the function is similar.  The people who directly report to the CEO constitute the C-suite.

 

A lot is riding on your Executive Leadership Team!

 

The executive leadership team, ELT, has the unenvious job of steering the organization in today’s VUCA (Volatile, uncertain, complex, and ambiguous) business world.

 

Executive leadership – business results expectations

 

Below are some of the many expectations from the ELT

 

·         Defining the vision

·         Crafting the strategy to achieve the vision

·         Do a SWOT (Strengths, weaknesses, opportunities, threats) analysis

·         Steer the company through PEST (political, economic, social, technological) changes

·         Survive and thrive in the VUCA world

·         Deliver profitable growth for all stakeholders

 

Executive leadership team – people expectations

 

Here are some of the many expectations from ELT on the people side

 

·         Communicate the direction down the line

·         Attract, retain and engage the top talent

·         Exhibit behaviors that are inclusive, respectful, supportive

·         Inspiring and providing meaning and purpose in their work

·         Listen to and act on employee’s inputs

·         Hold everyone (including themselves) accountable to high standards of performance.

 

Executive leadership development

 

I often ask the top leaders in organizations we consult for – How many people are on your ELT?   For one of the clients, that number was 32.   Then I ask, how many total employees are in the organization.  For this client, the number of employees was over 1500.  So 32 people are responsible for inspiring, motivate, hold accountable, and deliver results for all stakeholders through a total of 1500 employees.  That sheds light on the ELT’s responsibilities.

 

Executive leadership training is NOT working!

 

An estimated $100 billion is spent worldwide on executive leadership development programs.  Are they working?  How do we know that executive leadership development programs are working (or not)?  Here are some eye-opening numbers from two different surveys in 2016.

 

The first survey was by Mckinsey and included 52,000 leaders worldwide.

 

Executive leadership development – Is it a top priority?

 

Leadership effectiveness drives business performance.  As the ELT provides leadership to the entire organization, it has more impact on its performance than any other initiative.  Their development is critical.  It may be the difference between surviving and thriving.  It is essential for sustainable growth in the long term.

For more information please visit to my web site https://newageleadership.com/.

 

 

Comments

  1. Dezin ConsultingApril 7, 2023 at 4:00 AM

    A CEO shouldn't limited his or her employees to unorthodox thinking Executive Coaching and Leadership Development Dezin Company offers employees a range of options for finishing their work together with moral encouragement

    ReplyDelete

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