A leadership development plan is a strategic plan designed to assist employees in acquiring and developing leadership competencies and preparing them for management and leadership roles within an organization.
Fremont, CA: A leadership development plan can help an organization maintain a strong pipeline of future leaders. Any organization's continuous evolution and success are inextricably linked to its leadership's continuous growth and evolution. Developing a strong leadership development plan outlines detailed steps to identify and nurture an organization's next generation of leaders.
What is a leadership development plan?
A leadership development plan is a strategic plan designed to assist employees in acquiring and developing leadership competencies, as well as preparing them for management and leadership roles within an organization.
This plan is typically structured, long-term, and tailored to the specific needs of an employee and the organization. It outlines the learning objectives and activities that an employee will engage in to achieve their objectives.
Leadership Development Plan is Important
Leadership development plans are critical to business continuity in times of crisis and in competitive markets. A strategy like this has the potential to keep one's most valuable employees engaged with the organization while discouraging them from seeking alternative job opportunities with competitors. Furthermore, the stronger one's leaders are, the more likely an organization is to differentiate itself and remain viable in a constantly changing marketplace.
The pace of change prior to 2020 was difficult to keep up with, but the COVID-19 pandemic accelerated this change at a rate that few could have predicted. Most notably, it emphasized the importance of leaders managing more aggressive crises, navigating greater ambiguity, and ensuring business continuity through digitization of operations.
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