What development approaches are working best with your Executives, Future Executives? We currently leverage both experiential and formal development (including assessments, stretch assignments etc.) plus executive coaching. Thoughts on partnerships with business schools? Good ROI?
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thanks for taking the time to reply - appreciate your insights
For the executive leadership team, sponsored by the chairman, my previous organisation engaged HBS every year for a bespoke and offsite leadership workshop to provide opportunities for reflection, bonding and strategic planning, where they combined team building, case studies and action learning tied to strategic imperatives. It was very interactive, experiential and action-focused to address real business challenges.
For the future executives, a more structured program (18-24 months) was developed in partnership with IMD including a range of development approaches (e.g. assessment, workshops, business simulations, coaching, cross-functional projects). Participants are nominated based on the results of talent review. Most of them have successfully taken up new roles or moved to other senior critical roles.
thanks Joseph -great insights. We are currently piloting a program for critical successors including assessments, coaching, business projects, workshops. In my past life, prior to this company, I leveraged business simulations and found them to be powerful.
We use assessment (including learning agility), executive coaching and externally-hosted talent programs (like Chief Executive Women). Development in the flow of work (i.e., stretch assignments) do occur, but we could be more strategic around this. We do send leaders on business school programs on request and are pondering if we should develop a relationship with 1-2 schools. I'd be interested in chatting with you more on this.
Thanks for sharing the insights, Gene. I see the advantages of the business schools in some situations but fairly resource intensive for both company and individuals. The business is asking for more targeted approaches, that can be flexed to meet key needs quickly and at pace. Happy to talk more.
creating some structure/check lists to help future executives to see more of a path forward. in those plans/checklists include things like assessments, coaching opportunities, on the job training, mentorship and more.