It's the Leadership and Strategy that matters and leads for Business Excellence !!
Let's face it. CEOs come and go. But leadership, if developed in a comprehensive way, endures.
In the last few years we've seen new CEO's at prominent brands such as Google, Yahoo, HP, Apple, and other eminent companies, and in each case we watch to see if the CEO can "pull it off."
Well, while the CEO is a very important person, our research shows that enduring business performance is really driven at much deeper levels: a focus on leadership strategy. Long term business performance comes from leadership culture; careful and continuous development of leadership at all levels.
In this research we looked at hundreds of companies over the last few years and correlated their business performance to a variety of different people and talent practices.
After looking at many talent management practices (including the purchase of expensive software), we found that a company's level of maturity in their leadership development has a greater impact on their long term business performance than almost all else. And this impact transcends changes in the CEO.
Let us share some of these findings and best practices.
1. High-Performing organizations directly link leadership strategy to business strategy.
Regardless of who the CEO may be, operational execution takes place at the mid-level and supervisory level. When these individuals are well aligned, coached, and trained, the business thrives.
High-performing companies understand this, and they build a leadership development program which uniquely trains, supports, and selects people who drive their business's strategy. By doing this, they build execution into the culture.
A great example of this is UPS. UPS is a company which has outperformed other express companies for many years and it continues to transform itself from its origin as a horse and buggy delivery company. The company promotes from within and continues to promote a leadership culture of customer service, safety, and entrepreneurship. If the CEO were replaced, he or she would come into a company with a deep rooted leadership culture.
At times this culture needs to change. During my years at IBM the company went through a wrenching transformation as Lou Gerstner came in and changed the company from a "seller of solid technology" to a "deliverer of high value services." This meant bringing in many new leaders, building a consulting mindset, and driving a different type of innovation and creativity into the management team. (Xerox is going through this process today.)
2. High-Performers develop leaders at all levels.
High performing companies understand that execution takes place at the grass roots level. It is the line managers, supervisors, and middle managers who make things happen. If the CEO doesn't push his or her leadership strategy down effectively, it wont take hold. In fact our research shows that the best companies develop leaders from the bottom up. Senior executives "serve" the needs of line leaders, like an inverse pyramid. [Source – Forbes | Josh Bersin Contributor ]
With above article from Forbes, we can conclude it is very much needed to ensure mindset development at root level and middle level management to get LEADERS FOR BUSINESS EXCELLENCE.
One of the best ways is continuous training and development and if it is coming from trusted and the top B school of India such as IIM Lucknow, it is certainly going to deliver the promise of making Leaders for Business Excellence. We are delighted to share the launch of concentrated Advanced Program in Business Excellence from IIM Lucknow.
Key Features of Leadership Program of IIM Lucknow
Certificate of Completion from IIM Lucknow - On successful completion, you will receive certificate of completion from IIM Lucknow
7 day On-Campus components - 3 days near course commencement and 4 days towards the culmination of the course
Acquire opportunity to co-create business solutions - A faculty guided assignment to co-create innovative business solutions
Expand your theoretical understanding and practical knowledge - This course provides insights from cutting edge research in the domain of strategy and leadership
Learn from the top faculty of IIM Lucknow - Lectures imparted by eminent faculty and Industry experts
Thoughtfully curated course content and structure by IIM Lucknow - Avail professionally customized syllabus that brings to you relevant concepts to progress in today's business environment
This Program is delivered through D2D Sessions. D2D refers to Direct to Device that enable students to attend sessions from anywhere on their own systems as per LIVE schedule of session. Applications can be initiated and submitted online at www.thetopbschool.com. Course content, brochure and application assistance is available at +91 9356662220.