Welcome Guest

Businessex.Com
Home Article Features Columnists  6 Ways to Build the Leaders of Tomorrow

6 Ways to Build the Leaders of Tomorrow

Quality leaders in the top management team don't just affect the company’s bottom line; they also affect employee retention, engagement and business efficiency.

Tags: leaders, david tessnamm, talent workforce, entrepreneur, innovation, sme, knowledge economy

BY David Tessmann  |  Sep 02, 2014 comments ( 0 ) |

Today's business landscape continues to evolve at a blistering pace. Competition is becoming more intense and organisations have to look out for new innovative approaches to ensure sustainability and emerge as future leaders. Talent is, by far and away, the most critical element of competitive advantage. But today, organisations are experiencing talent deficiencies within their employee base and leaders are now increasingly voicing their fears that the talent they have is not the talent they need.
 
 
Organisations can rapidly replicate the offerings/products of their competitors, but building a cadre of highly capable and engaged employees takes considerable effort and time. If organisations select and retain the best brains and unleash the potential of those brains through high levels of engagement, they will then be able to create the engine for innovation, drive for results and customer centricity. As ‘Knowledge Economy’ takes hold, the talent issue has become even more relevant over time.
 
 
Role of a Leader
 
An organisation is nothing more than a shadow of its leaders. They are the ones who set the tone both in terms of what are
the organisation’s business priorities and strategies and how it will achieve them. A key element of a leader’s role is to ensure smooth succession.
 
 
A leader has three roles to fulfil:
 
 
Model: A leader is a model of how they believe their people must behave in order to drive success.
 
Coach: He provides adequate guidance, developmental support and feedback to ensure that employees are clear on expectations and are moving in the right direction.
 
Reinforce: A leader actively celebrates and recognises the achievements/efforts of both individuals and groups through numerous modalities.
 
 
Quality leaders in the top management team don’t just affect the company’s bottom line; they also affect employee retention, engagement and business efficiency. The higher the levels of staff engagement, the higher the stability of highly passionate
people dedicated to the success of the organisation.
 
 
The Indian Case
 
 
India has a long history of producing world class leaders. Many Indian organisations are now seriously taking the criticality of talent to their business success. The moment Indian organisations start realising their aspirations, they will need more of the right kind of leaders. India has a deep pool of technically strong people, but they should equally possess strong leadership behaviour.
 
 
Often organisations make a leader out of someone who is a good individual contributor, not realising the fact that the skills and motivations can differ from individual to individual. For example – Companies usually promote the ‘best sales person’ to become the sales leader. However, the reality is that what makes a person a great sales person often makes him the worst of leaders.
 
 
The young Indian talent is hungry for rapid career progression and the ‘leader’ title is seen as an aspiration. Many organisations, due to the fear of turnover risk, commit the mistake of promoting talent too early without giving adequate consideration to the true leadership capabilities casting wrong shadow on others in the organisation.
 
 
Start Early, Reach Deeper
 
Talent must be managed actively for it to develop in the direction you need it to. To ensure a strong future pipeline, they need to start earlier and reach deeper in the lower leadership ranks (down to the front line) to start the process of hi-potential identification and acceleration earlier in the careers of their leaders.
 
 
Linking Leadership with Business Drivers
 
Leadership development process must be grounded in the context of the business priorities. Develop your people on the articulated success profile in order to automatically arm them with the specific capabilities required to better achieve the key drivers promoting success.
 
 
Innovation Platform
 
Provide space for people to innovate. Create a ‘burning platform’ for innovation within the organisation and provide people with adequate, tools, training and direction to achieve the desired results.
 
 
360-degree Approach
 
Develop the FULL person (personality, behaviour, experience and knowledge). A leader with strong technical skills who has the ability to remain calm under stress (personality), remain open to feedback (personality), establish clear strategic direction (behaviour) and creates a vision for people to follow (behaviour) makes for an effective leader.
 
 
Ownership 
 
Development of talent is not an HR responsibility. They support the process with tools, approaches, etc. Hence, it must be owned by the executive and cascaded through each and every leader. The development of talent should be the first KPI on every leader’s performance plan.
 
 
Measure
 
You cannot manage what you do not measure. Therefore, leaders should measure what change they want to see as a result of their leadership development and course correct as required.
 
 
By David Tessmann Keys, Senior Vice President-International Operations, DDI, a talent management consulting firm

Please add your comment

Rating
Not readable? Change text. Enter the characters as seen on the image (case insensitive)
  Notify me of follow up comments via e-mail   Subscribe for daily newsletter

Related Articles

How to pitch your biz plan

BY Nandini Vaidyanathan and Ramanan Subramani

Imagine you are in the elevator with Warren Buffet or someone like him, and you have this brilliant idea that you think can change the world, what ...

VC Funding on Uptrend

BY Arindam Ghosh

To begin a business and expand its reach in the market, finance is the most ingredients and to generate this fund, venture capital is one of the mo...

Marketing Entrepreneurship

BY Harish Bijoor

As big consultancies break up with corporates suspecting value-propositions, niche boutique consultancies focus on individual specialty domains to ...

Test of True Entrepreneurship

BY Megha Poddar

Entrepreneurship- A word that everybody interprets differently. An aspiration that everybody wants to be but somewhere are reluctant to call themse...

Embrace technology at the outset

BY Bala Girisaballa

Not long ago, online presence was an after thought. It was also a luxury that only large companies indulged in because it involved hiring programme...

Teaming up essentials for new ventures

BY Sai Swaroopa

Teaming up essentials for new ventures Selecting the core team for your new venture is a highly critical start-up activity. Successes and failu...

Get Max from Social Media

BY Deep Banerjee

After you plan to use Social Media Marketing (SMM) for your business, the first question that strikes you is if you really need a blog. This is a q...

Do not Always Hire the Best

BY Ajay Wahi

Now do not frown thinking why am I saying this? Because the answer is simple- Talent, refusing to stay put in SME will fly off to greener pasture o...

GETTING MORE DONE IN LESS TIME

BY Tony White

We are all given the same 24 hours in a day, and yet, some individuals seem to be able to achieve a lot more in that time frame unlike others. ...

Follow the Rules of the Game

BY Seema Jhingan

Often considered the nucleus of expanding industrialisation in India, small and medium enterprises (SME) have seen a prodigious rise in the recent ...

Power of customer engagement

BY Deep Banerjee

In present times companies have only one option - 'customer engagement' to remain competitive and profitable! The term 'engagement'...

Entrepreneurship With Renewable Energy

BY Rita G. Chauhan

Recently, Prime Minister Manmohan Singh announced that India is going to double its renewable energy capacity to 55,000 MW by 2017 as an effort to ...