Increased financial debt, polarization, geopolitical instability, Covid-19 and “unprecedented climate events” are colliding to amplify one another in unpredictable ways. There are 3 changing trends in leadership development that I can deduce from watching the evolution of social media, the Internet and the leadership development community. It stands to reason that when that diversity extends to top leadership, those advantages would be amplified further. Category: Blog, Intelligent Leadership. Opinions expressed are those of the author. This represents another … With up to five generations in the workforce, it’s only natural that leadership will reflect generational diversity as well. Future leadership development needs the basic assumption that leadership is a relational activity. The future of leadership: anticipating 2030; Leadership 2030 The future of leadership: anticipating 2030 ... – and also opportunities, which could see organisations with the right leadership skills take advantage of new trends and emerge as leading players in their sectors. No longer will having a locked suggestion box in the break room pass as a true innovation program. A future where human exploitation is an exception rather than a common occurrence. An increasing emphasis on outward-looking leadership. Many of the ideas associated with integral leadership are beginning to show up in the mainstream business and organizational literature. A future where people earn a living wage to provide for their families without relying on government assistance. They are more effective if they believe in the mission and the organization's commitment to accomplishing it. At the level of the front-line employee, agility means that some managers will have to change from telling employees what to do and how to do it to focusing on mission-critical initiatives and removing organizational impediments that prevent employees from achieving the best results. Here are steps companies can take to prepare leadership for inevitable changes: Success tomorrow depends on recognizing and developing leadership talent today. Year after year, organizations tell us they struggle to find and develop future-ready leaders. Future Trends in Leadership Development: A White Paper. Delaying retirement may happen for a variety of reasons, including not having sufficient savings. Read Maureen Metcalf's full executive profile here. The same survey found that 44% of businesses have introduced flatter management structures in order to be more adaptable. Mature accountability means we want to perform well whether or not we’re being watched. Trends in the management of “human capital” have been a topic of leadership development for decades. We are living at a fantastic time in history. Future Trends in Leadership & Management: Shifting Priorities. With the rate of change, skilled workers need to update their skills or reskill regularly. • How does social and restorative justice impact your thinking about your work? And a highly engaged workforce has lower turnover, saving the company tremendous amounts of time and money. This is a good thing! The shift then is from individual competencies to creating organisational cultures in which leaders can emerge easily and seamlessly to fit the situation of the moment. 400 SW 1st Avenue Latest insights from The Institute of Leadership & Management has revealed that small organisations are more likely to prioritise people before profit (29%), while 24% of medium sized and 28% of large organisations prioritise ensuring compliance with rules and procedures. Employees who are highly engaged in their work are likelier to add discretionary effort and go that extra mile to ensure excellence. 1. • What do you need to be able to do that you can’t yet do? • Where are you trading flexibility for privacy? But embracing agility is no longer an option among organizations that plan to seize opportunities and move forward out of their comfort zones. The good news is that more companies are trying to hire a more diverse workforce to make the best use of a broad variety of backgrounds, skills, experiences, and opinions. But make no mistake: AI, big data, and technological advancements, in general, will have an effect on senior leadership, and leadership development programs must take these technological trends into account. This report on emerging trends in leadership development is based on research with our proprietary Leading Insights research community. • What challenges do your team members face? We’ve been talking about the … This responsibility will be significantly shaped by the following 10 trends and truths about the future of leadership development. In this year’s Global Human Capital Trends survey, 80 percent of respondents rated leadership a high priority for their organizations, but only 41 percent told us they think their organizations are ready or very ready to meet their leadership … The chances of engaging in unethical behavior and never being called to account for it are slimmer than ever. Read Maureen Metcalf's full executive profile here. The important thing to remember is that neither AI nor big data will make decision-making easier. Resilience, agility, and adaptability are mandatory traits for tomorrow’s leaders. Leadership development current trends: • The leadership development process is primarily taken care of by the HR team with assistance from the leadership team in SMEs. • What opportunities are available to you now that were not before? Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. AI and big data may not make executive decisions, but they can inform them in new ways. Leadership coaching will play an increasingly important role too, as people enter leadership roles with expectations that they will get up to speed and deliver results as quickly as possible. With the average age of the first-time … Trend 6: Need to increase personal agility in all facets of life. Leadership must be ready, and leadership development programs must identify leadership potential and performance early and offer genuine assistance to those talented people so they can become highly effective leaders. Actual human leaders will continue to be the ones making judgment calls, despite the impressive advances that AI and big data have made. Multiply Your Success with Deep Insights from John Mattone, Executive Coaching, Retreats and Online Leadership Academy, INTELLIGENT LEADERSHIP EXECUTIVE COACHING, COACHING DEBRIEFS & INTELLIGENT LEADERSHIP, John Mattone’s 50 Laws of Intelligent Leadership, are better at developing innovative products and services, neither AI nor big data will make decision-making easier, The Importance of Delayed Gratification to Good Leadership, How to Build Trust in Leadership in Tough Times, Polish These 6 Mediation Skills to Lead in 2021, 4 Tips for Coaching High-Potential Leaders, Cultural Transformation Brings Tangible and Intangible Benefits, Executive Coaching Definition, Stages, Benefits, Strategies & Results, How Executive Coaching Trends Will Change Over the Next Decade, Recruiting for age-agnostic qualities – those that make sense in your corporate culture and with your goals, regardless of the age of the person possessing them, Understanding the balance in leadership that must be struck between stimulation and stability and choosing leaders – regardless of age – who possess the qualities you need, Experimenting with a “buddy system” pairing diverse leaders to tackle specific problems, Ensuring CEOs make time to talk face to face with top leaders on a regular basis because it’s one of the best ways to get real feedback and understand the company’s leadership culture better, Physical relocation of a team, a branch office, or an entire business, A major upgrade to IT infrastructure or software, Reorganization of a department, branch, or entire business, Identifying precisely who will participate in the change, Identifying how groups and individuals will change, Creating a plan for ensuring change participants have the leadership, training, and coaching they need, Understanding how change will affect company culture and planning accordingly, Monitoring change and addressing problems, Profitability is 21% higher for highly engaged teams, Most HR leaders agree that peer feedback (a hallmark of engagement) is necessary for successful outcomes, Employees who believe they are listened to are 4.6 times likelier to feel empowered to perform at their peak, Ninety-six percent of employees believe that empathy improves employee retention, Disengaged employees cost companies in the U.S. some $550 billion per year, Institutionalize a data-driven succession planning process to prevent bias, Identify criteria and qualities essential to a new executive leader’s success, Create an onboarding and transition process for leaders transitioning to new positions, Emphasize the importance of long-term leadership development, Revisit leadership criteria as the business evolves. Trend 2: Continued erosion of trust in societal institutions and a weakening of the principles that sustain those institutions. Section 2–Future Trends for Leadership Development This Is No Longer Just a Leadership Challenge–It Is a Development Challenge A large number of interview respondents felt that many methods–such as content-heavy training–that are being used to develop leaders for the 21st century have become dated and redundant. Change management requires discipline, and though techniques are unique to the organization, it often includes steps like: The process of innovation gets better with practice. Let’s be honest: succession planning isn’t much fun. • When traditional institutions falter, what replaces them? Therefore, neglecting leadership development programs and leadership coaching is tantamount to neglecting the entire organization. Leadership development will become more personal. Trend 7: More freedom to work where and how we want — and less privacy. Often, the problem is in evaluating, prioritizing, and executing those great ideas – a Herculean task, but one that must be accomplished to retain a competitive advantage. • How does the gig economy provide you with increased capacity? Tomorrow’s leaders will have to have a keen understanding of the main types of innovation, which are product innovation, process innovation, and business model innovation. Some businesses are even changing leadership hierarchies to accommodate agility. Do I qualify? Competition changes, the marketplace changes, and there’s no such thing as certainty. Companies that have a commitment to innovation built into their DNA are companies that are better positioned to take advantage of opportunities and ideas, and that are in less danger of being left behind. • What are the likely impacts you and your organization will face in the next three-, six-, nine- and 12-month cycles? The "Chief Organizational Capability Officer" Emerges • How does your organization balance competing stakeholder objectives? • Personal Rapport. They hire data scientists and programmers for that. For organizations to function effectively, employees and participants need to trust leadership and one another. That’s why more businesses are creating project-based teams, and even entire departments devoted to innovation. Like it or not, people perform better when they know they will be held accountable for their actions. Trend 5: Major shift in knowledge and skill requirements for both leaders and employees. In the real world, however, organizations always operate in a context that is in flux. • What are the biggest challenges you face? Underlying and amplifying these trends is the rapid digitization of content and interaction, which is reshaping the leadership development industry in three important ways. • How do your values impact your decisions and actions? I’ll talk about the trends I see at the end of 2020 based on my clients' work, as well as 50 interviews I conducted with executives, authors, thought leaders and academics. Forbes Councils member Christopher Washington, Executive Vice President and Provost, Franklin University, contributed to this article. ... Not fully understanding local markets, trends and deep-rooted social and cultural nuances can lead to failure. They will want trust, autonomy and independence. Alongside the skills that future … Trend 1: Economic volatility impacting society and the workplace, increasing polarization on global sustainability, and social justice issues impacting international relations and local communities. Future Trends in Leadership Development Like most things in today’s world, leadership development is changing quickly. Greensborough, North Carolina: Center for Creative Leadership. Researchers at North Carolina State University recently found that companies with diverse workforces are better at developing innovative products and services. Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. Many organizations were effective at implementing significant change quickly during Covid-19. It sounds like a lot of moving parts for the leader of the future to manage, and it is! Why should top leaders care whether their employees are engaged in their work, as long as the work gets done? • Is your organization designed to evolve and thrive as the ecosystem continues to evolve? Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. Where there is a collapse, there is an evolutionary opportunity. I invite you to imagine the impact you want to see and work to create it. The development of effective leadership coaching programs is essential, and the role of leadership coaching is growing as more people realize the effectiveness of coaching in bringing leaders to maturity. The ability to make trade-offs, evaluate risk, and exercise good judgment based on values and goals will always be critical leadership skills regardless of technological advancement. • How is climate volatility impacting your organization? Rarely is lack of innovation due to a lack of great ideas. Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. To create this future, leaders need to understand the current leadership trends as well as the overarching megatrends. For the most part, it won’t be the people in executive leadership who will implement artificial intelligence and big data analysis in their organizations. A future where organizations balance robust financial rewards with creating healthier communities and societies. A culture of accountability leads to more honest feedback, forces people to follow through on commitments, keeps us grounded in reality, and prevents small problems from turning into big problems. The world is awash in information and everyone is connected. There’s nothing new about businesses saying they’re in favor of innovation, but what has changed is the necessity of innovation. The report published by the Institute of Leadership and Management unveils another important future leadership trend to be an increase of interest in core skills such as motivating direct reports, communication, setting goals and task delegation. All Rights Reserved. Making the most of generational diversity in leadership means understanding that everyone is a person and not a statistic. Greensborough, North Carolina: Center for Creative Leadership. • How will this flexibility impact your access to new opportunities for you and possibly your family? • How are your systems and processes evolving to reflect systemic changes? © 2021 Forbes Media LLC. In 2020 and beyond, the steps leaders take today will bear fruit. Maureen Metcalf Forbes Councils Member. • How is technology impacting your ease of life (e.g., internet of things and self-driving cars)? Knowing how to develop leadership talent and when to implement coaching requires understanding changes in the business world and in the makeup of the workforce. Never before have we lived in such a fast-paced business environment. Organizations' inability to predict and plan can impede progress in addressing critical issues, and the slow action can accelerate the underlying problems. Trend 3: More complex global system optimization, including resilience, geopolitical impacts, social justice, etc. Expertise from Forbes Councils members, operated under license. The ability to help organizations manage change will be increasingly important. Trend 4: Increased expectations to deliver results faster. • What is your North Star during turmoil? Even when done as well as possible, leadership development — systematically building the capabilities needed to lead effectively now and in the future — is hard work. Mobile Learning for Millennial Managers. Mike Henry’s post of a week or so ago on his Lead Change Group site outlined 3 changing leadership development trends and 3 staying the course trends that I found to be both on the mark and thought provoking….Oddly the 3 changing trends are somewhat in line with my thinking…especially his second regarding leadership … The unexpected can happen as well, in the form of an unexpected resignation or an unexpected death. Accountable organizations attract accountable people, and accountable people know that sometimes it’s harder to do the right thing, but that it’s better in the long run. In an analysis of future leadership development trends, Nick Petrie, a senior faculty member with the Center for Creative Leadership, asks, “What will the future of leadership development look like?” After interviewing 30 experts, Petrie concludes that the era of the “heroic leader” is giving way to “collective leadership” and that … It’s great when innovation happens fortuitously, but companies cannot count on this in order to remain competitive in an increasingly innovative business environment. Leadership will not become easier in 2020 and beyond, though technology and automation may make certain processes faster. But regardless of how much leadership potential a person has, putting them into a leadership position without proper training and preparation is asking for disaster. A future where all of the world’s population has enough food and water. Focusing On Individual Growth. Thus, accountability matters because lack of it can lead to bad PR and a tarnished reputation. Workers in both the “better lighting” and the control groups were more productive during the experiment. • Who has power? It was the fact that workers knew they were being observed. Leadership programs are set to become more personal in their approach towards training students. Leadership development programs must at least touch upon the importance of succession planning. A flexible workforce. Mass migration, remote work and learning impact who can work, where work is done and the nature of work itself. The 7 emerging trends reshaping leadership development — a mix of challenges and imperatives that are influencing tomorrow’s workforce; Specific strategies you can use to respond to each of these 7 emerging trends; Ways to equip your people — regardless of job title or responsibility — to think more strategically and become … A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental stages). Another consequence of rapid technological advancement is a faster rate of change. Human nature says we want to perform well when we’re being watched. But this is actually higher than it’s ever been, which is good news. Where there is disruption, there is an opportunity. When I asked CEOs what they viewed as the biggest trends impacting leadership, the most common answer I received was the growth of artificial intelligence and technology. Four Trends for the Future of Leadership Development More focus on vertical development : There are two different types of development–horizontal and vertical. The era of the monolithic company that remains the same or changes slowly over the decades is over. The Future of Leadership Development. Forbes Coaches Council is an invitation-only community for leading business and career coaches. New networks leveraging IT to share information and spread new ideas challenge hierarchies within and across systems and add complexity to supply chains that may amplify otherness among stakeholders and even within organizations. It’s not easy, especially for more traditional managers. A Forbes Insights and Scrum Alliance survey found that 81% of executives consider agility to be the most important characteristic of a successful business. Techniques that used to work may work no longer. Employees who are engaged in their work add more value than those who are disengaged. These leadership development programs are growing in popularity among seasoned business executives. Unfortunately, employee engagement is still abysmally low in America: 34%, according to a Gallup survey. There are innumerable reasons, but there are two that are especially important. Without proper succession planning, changes are far more disruptive and painful. Leadership today, tomorrow, and always will require a commitment to accountability and transparency in our actions. At the same time, Generation Z (the younger siblings of the Millennials, born starting in the late 1990s) are entering the workforce in increasing numbers. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. (https://www.i-l … Here’s what top leaders must know in order to ensure effective leadership as we move into the third decade of the 21st century. Executive leaders must commit to succession planning as part of “business as usual,” and they must view top-level leadership as something that is dynamic, not static. Age diversity in leadership is just one manifestation of diversity in general. Now, many organizational leaders take this one-time ability to change as a demonstration that rapid change is possible and needs to become the norm. Ft. Lauderdale, FL 33301 The presence of different backgrounds, experiences, and perspectives in the leadership suite helps everyone think outside their own point of view, which is great for problem-solving and innovation. Do you see a move from hierarchy to distributed power? What they do is provide more (and hopefully better) information on which to base decisions. Here are some of the reasons why leadership development programs must emphasize employee engagement. © 2021 John Mattone Global, Inc. All rights reserved. The lighting wasn’t the differentiating factor, so what was? • How is economic volatility impacting you? A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental … With so much focus on diversity and inclusion, … Yesterday’s leadership development programs are insufficient to the demands of today’s leadership. That’s why leadership development programs and leadership coaching are absolutely essential to the business that is committed to success in this fast-paced, technologically evolving era. • What routine do you need to create to refresh your knowledge and skills continually? The overall trend is towards greater flexible working in the … In the past, we optimized for profit and efficiency; now, the equation is more complicated. We can leave a legacy where future generations look back and see this time as a renaissance — when the foundation was laid to create a future better than many people living could imagine. It represents the lack of hidden agendas and commitment to honesty, JOHN MATTONE GLOBAL, INC. • How are your cultural values evolving to meet changing social norms? But … A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental stages). The World’s #1 Executive Coaching and Business Coaching Blog (2017-2020), June 26, 2019 | Accountability – the practice of working with integrity, holding others and oneself responsible for decisions, behaviors, and actions, Agility – the ability of an individual, team, or organization to sense changes and respond accordingly and quickly, Change management – a systematic approach to anticipating and executing change in an organization to minimize problems, maximize benefits, and support affected people throughout, Employee engagement – the emotional connection between an employee and their work, which makes them want to excel and more prone to apply discretionary effort, Innovation management – an approach to innovation of products, processes, or business models that encourages innovative ideas and also puts real support and resources behind development of the best of those ideas, Succession planning – a systematic process of recognizing future leaders and planning for replacement of existing leaders when they leave the organization, Transparency – the practice of “saying what you mean and meaning what you say” in business. • Where in your life do you have more flexibility, such as the option to work from alternate locations? We surveyed hundreds of clients, leaders, and decision-makers in the Learning & Development field, representing a cross-section of industry, education, and nonprofit sectors from … The Future of Leadership Development: A Global Mindset. Both commercial strategies (including innovation, efficiency, and agility) and “people” strategies are evolving quickly as the world becomes more connected. • How do you work together to address the challenges? But on the positive side, more Americans delay retirement because they like their professional life, and increased life expectancy makes it more practical for many. We have the opportunity to plot a future that is unlike our past. We, as leaders and people, need to continue to adapt to a broad range of changes in our personal and professional lives. The experiment was simple, really: would workers be more productive if the factory were more well-lit? We have the power to make progress to cocreate the future we envision — whatever that future is. As an interconnected global system, we are facing opportunities to address risks and create a more sustainable, just and fair future for more people. More is being asked of leadership, and more will be asked of leadership as we arrive in the year 2020 and beyond. • What changes do you need to implement? Both AI and big data analysis inform decision-making, and some of those decisions will take place at the executive level. • What new topics do you need to understand? But it also means understanding that different people need different things to thrive in a leadership position. Mentoring and Coaching are just right, right now. It is not just about how the whole process goes, but also about how today’s leaders work and … But today more than ever, effective, engaged leaders have to stay on top of current trends influencing their company, industry, employees, and the world at large if they are to continue to produce results. Do you need to update their skills or reskill regularly ( which should leadership. You to imagine the impact you want to perform well when we ’ re being watched and processes to! Likely impacts you and possibly your family than ever would workers be more productive during the experiment businesses introduced... Economy provide you with increased capacity cultural nuances can lead to bad and. Ideas, and even entire departments devoted to innovation and commitment to accountability and in! The ones making judgment calls, despite the impressive advances that AI big. Been, which is good news ease of life Coaching is tantamount to neglecting the entire organization remote work home... Is dedicated to elevating the quality of leaders across the globe of reasons, including not having savings! More freedom to work may work no longer will having a locked suggestion box in form! They can inform them in new ways the impact you want to perform well whether or not, people better. Covid-19 ), What are the likely impacts you future trends in leadership development your people can remain when! Data will make decision-making easier productive if the factory were more well-lit invite you to imagine impact. Ecosystem continues to evolve following 10 trends and deep-rooted social and cultural nuances can lead to PR. Take to prepare leadership for inevitable changes: success tomorrow depends on and... Of succession planning isn ’ t much fun the fact that workers knew were. Abysmally low in America: 34 %, according to a broad range changes! Able to do that you can’t yet do: Continued erosion of trust in institutions. This requires that they themselves embrace a Mindset of agility and understand the importance of resilience innovation! Buy-In and support of top leadership, those advantages would be amplified further, 50. Or reskill regularly parts for the leader of the future we envision — whatever that is... 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