Leadership no game of chance

Take a systematic approach to enhance your leadership strategy
By Karen Pastakia
|Canadian HR Reporter|Last Updated: 06/03/2011

The recent financial crisis — as well as numerous environmental and public safety disasters — has been directly linked to leadership failures and many senior leaders are feeling the crunch, according to a survey by Deloitte.

Thirty-eight per cent of senior global business leaders said “developing leaders and succession planning” is their most pressing talent concern, according to Talent Edge 2020: Blueprints for the new normal. While organizations have always made some investment in the development of future leaders, they are now realizing leadership must be a major priority, not only for success but survival.

The growing talent shortage complicates matters considerably. Many leaders and senior executives will soon retire and succession candidates who are ready, willing and capable of filling those roles are in short supply. Prospective leaders from generations X and Y have the ambition and raw capability but lack the skills and experience to step directly into senior positions, and certainly not in sufficient numbers.