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The question is whether companies will get a worthwhile return on this investment. In past years leadership development has always been treated as a discretionary expense or even a luxury, and therefore something that could be pared down or eliminated in hard economic times. Underlying this notion was the lack of tangible results that could be attributed to management training. Without real results, leadership development becomes at best a leap of faith, and at worst a waste of time and money.
A number of companies are starting to address this issue by reversing the traditional leadership development “equation,” which essentially posits that if you give leaders the right skills and experiences, they will change their behaviors and produce better results. Reversing this means that companies start at the end — with results.
Via The Learning Factor
Leadership development represents a huge and growing investment for most organizations. Industry research, for example, shows that companies spent more than $24 billion on leadership and management training worldwide in 2013, an increase of 15% from 2012.
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