Today’s leaders make decisions in an increasingly unpredictable business environment. In a recent IBM study of 1,500 CEOs worldwide, more than 60 percent believed that their businesses today were more volatile, uncertain, and complex (IBM Global Business Services, 2010). It’s no wonder that the quality of leadership can make or break the sustainability of any organization.
Development Dimensions International (DDI) has recently published their Global Leadership Forecast 2011 with responses from 1,897 human resources professionals and 12,423 leaders from 74 countries.
The difference between the impact that a top-performing leader and an average leader has on an organization is at least 50 percent, according to leaders participating in Global Leadership Forecast 2011.
The research demonstrated that organizations with the highest quality leaders were 13 times more likely to outperform their competition in key bottom-line metrics such as financial performance, quality of products and services, employee engagement, and customer satisfaction.
Specifically, when leaders reported their organization’s current leadership quality as poor, only 6 percent of them were in organizations that outperformed their competition. Compare that with those who rated their organization’s leadership quality as excellent – 78 percent were in organizations that outperformed their competition in bottom-line metrics.
Targets must be tied to larger organizational ambitions For targets to be meaningful and effective in motivating employees, they must be tied to larger organizational ambitions. Employees who don’t understand...
Create an organizational culture of transparency Transparency is a popular buzz word on Wall Street these days, and many investors are demanding it. Building a culture of transparency. Make transparency...