Developing Leadership Bench Strength

© CMOE Coaching Workshops by CMOE Developing Leadership Bench Strength © CMOE Why Bother? © CMOE “…the consequences of poor or non-existent succession planning include reduced performance, higher turnover of senior management, market share loss to more aggressive and focused competitors, irreparable reputational damage, and skepticism among institutional investors.” —Financial Times © CMOE A recent study by the Corporate Leadership Council found that 72% of companies predict they’ll have an increasing number of leadership vacancies over the next three to five years. At the same time, 76% are “less than confident” in their abilities to adequately staff these positions. © CMOE than CEOs who were appointed before that date. Another study found that chief executives appointed after 1985 are three times more likely to be fired © CMOE Well, That’s Sobering. © CMOE Is your company ready for the future? If your answer is “NO” you’re not alone. http://www.cmoe.com/blog/executing-to-win- with-your-strategic-initiatives.htm © CMOE So, What Can I Do About It? © CMOE Create a Process Anticipate and fill any gaps. 1. http://www.cmoe.com/blog/stra tegic-ideas-a-step-ahead.htm © CMOE Create a Process Identify high- potential employees early on. 2. http://www.cmoe.com/blog/apple -and-the-development-of-future- leaders.htm [...]... the failure to have the right leadership resources in place—who can also effectively translate the strategy into actionable priorities.” —Harvard Business Review, 2005 © CMOE Succession planning is only the first step To execute and deliver , leadership talents and abilities must be developed © CMOE That takes some effort We’d like to help © CMOE CMOE’s Approach to Leadership Development © CMOE “If... people the room they need.” —William McKnight, Former Chairman of 3M © CMOE Leadership- Development Workshops 1 Customize the curriculum for each client’s needs 2 Establish relevance for the participants 3 Assess individual skill level 4 Present practical frameworks and tools 5 Provide opportunities for practice 6 Offer feedback on strengths and opportunities for 7 8 improvement Create a plan for real-world... for practice 6 Offer feedback on strengths and opportunities for 7 8 improvement Create a plan for real-world application Reinforce the learning http://www.cmoe.com/custom_learning_solutions.htm © CMOE Leadership- Development Workshops  Based on extensive and ongoing research  Speak to the needs of the adult learner  Feature tools, hardbound books, practice opportunities, and business simulations  . © CMOE Coaching Workshops by CMOE Developing Leadership Bench Strength © CMOE Why Bother? © CMOE “…the consequences of poor or non-existent. Times © CMOE A recent study by the Corporate Leadership Council found that 72% of companies predict they’ll have an increasing number of leadership vacancies over the next three to five. To execute and deliver, leadership talents and abilities must be developed. © CMOE That takes some effort. We’d like to help. © CMOE CMOE’s Approach to Leadership Development © CMOE