A recent Bersin study reported that U.S. companies invest over $2,000 in leadership development initiatives per company leader. That’s great news. But is it worth the investment? Just because an organization has a leadership development program doesn’t mean it’s successful, does it?
I’ve been privileged to help develop several leadership development programs (LDPs) in my career and I can tell you no two are identical for the simple fact that people and organizations are inherently unique – different cultures, different missions, different situations. While I don’t believe there is a perfect approach to building an LDP, there are definitely pitfalls. If your organization has one – or is thinking of investing in one – don’t fall short for one of the following reasons.