[guidebook] optimizing your leadership pipeline
DESCRIPTION
Are there weak spots in your leadership pipeline? The future success of any business relies on having the right leaders in place to drive business results. Download our free guidebook to find out where you’re most vulnerable. You’ll learn: • 5 key ingredients for a gap-free pipeline • 6 tips for creating pipeline strategy • Fundamental strategic elements necessary for future agilityTRANSCRIPT
© Development Dimensions International, Inc., MMXIII. All rights reserved. 1
Guidebook : Optimizing
Your Leadership Pipeline
© Development Dimensions International, Inc., MMXIII. All rights reserved. 2
What will drive the success of your business? Entering new global markets? Launching the next blockbuster product? Overtaking your competitors?
© Development Dimensions International, Inc., MMXIII. All rights reserved. 3
No matter which future course
you plot, success will rely on
flawless execution.
© Development Dimensions International, Inc., MMXIII. All rights reserved. 4
And flawless execution depends
on your organization’s ability to
choose and prepare the best leaders for tomorrow.
© Development Dimensions International, Inc., MMXIII. All rights reserved. 5
To close this leadership gap and have leaders in place
to drive results, you need to
optimize your pipeline.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
A pipeline approach to talent
management is not a single
program or tool.
It’s a process that provides both
the right quantity and quality of leaders—in time—to step up and
meet pressing business challenges.
6
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Sounds complicated. Right? Here are five best
practices to get you started.
7
#1
8
Begin with where your business is going.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
#1
9
Recognize your current
and future business drivers and
design talent strategies
accordingly.
© Development Dimensions International, Inc., MMXIII. All rights reserved. 10
Don’t forget to scan the
external environment for volatility,
uncertainty, complexity, and
ambiguity—and map your talent
strategy accordingly!
#1
#2
11
Define leaders who fit the profile for success.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Once you have determined
your business drivers, you
need to define what success
looks like for each level of leadership.
12
#2
© Development Dimensions International, Inc., MMXIII. All rights reserved. 13
The four factors that will
define a successful leader are:
1 Organizational knowledge
2 Experiences
3 Competencies
4 Personal attributes
#2
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Future agility is key.
14
Select leaders who are able to: • Anticipate and react to the nature and
speed of change.
• Act decisively without always having clear
direction and certainty.
• Navigate through complexity, chaos, and
confusion.
• Maintain effectiveness despite constant
surprises and a lack of predictability.
#2
#3
15
Manage leaders in transition.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
© Development Dimensions International, Inc., MMXIII. All rights reserved. 16
If a leader is going to
stumble on the climb up the
leadership ladder, they’re most
likely to slip when transitioning
into their new role.
#3
© Development Dimensions International, Inc., MMXIII. All rights reserved. 17
Whether assuming a leadership role for
the first time, taking control of a business unit,
or stepping into a top senior position, leaders
encounter significant challenges, which
can cause tremendous stress.
#3
© Development Dimensions International, Inc., MMXIII. All rights reserved. 18
You can help leaders rapidly and
smoothly move
through transitions! • Develop leaders BEFORE their next promotion.
• Clarify expectations and priorities.
• Define what success looks like.
• Support new leaders to help them cope.
#3
#4
19
Create leadership acceleration pools.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
© Development Dimensions International, Inc., MMXIII. All rights reserved. 20
#4
In an acceleration pool approach, groups of high potentials
are fast-tracked to prepare them for
growing leadership responsibilities.
© Development Dimensions International, Inc., MMXIII. All rights reserved. 21
High-Potential leaders are carefully
identified as demonstrating the
strongest leadership potential. They may move up and out of the acceleration
pool based on their performance and the
organization’s needs.
#4
#5
22
Choose the right people to move up the ladder.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
23
Promotion decisions
should be based on actual
readiness to advance.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
#5
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Assessing readiness not only helps
you make accurate placement and
promotion decisions, it also pinpoints
each leader’s strengths and
development needs.
24
#5
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Assessment needs to be approached
differently at each level.
25
#5 Assessment by Level
- Internet-delivery
- Shorter, more scalable experiences
- Screen-in/Screen-out decision points
- Level-specific feedback and development
- Usually based on specific
skills/competencies
- High-touch, high-fidelity
- Day-in-the-life assessment
- Data integration
- Individualized feedback and planning
- Often tied to business drivers or readiness
to assume new role/challenge
Individual Contributor
People Leader
Operational Leader
Strategic Leader
© Development Dimensions International, Inc., MMXIII. All rights reserved.
LET’S RECAP!
26
© Development Dimensions International, Inc., MMXIII. All rights reserved. 27
1. Begin with where your business is going.
2. Define leaders who fit the profile for success.
3. Manage leaders in transition.
4. Create leadership acceleration pools.
5. Choose the right people to move up the ladder.
Pipeline Best Practices
© Development Dimensions International, Inc., MMXIII. All rights reserved. 28
But wait, there’s more! Executing a pipeline strategy can be
challenging. Here are a few tips to
get you started.
TIP1
29
A leadership pipeline cannot
be successful without full support
and buy-in at senior levels.
If they don’t buy in, who will?
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Secure ownership at
the most senior levels. (This is a necessity!)
TIP2
30
Ask yourself: How will your next
generation of leaders perform
relative to your business drivers?
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Business drivers must
be at the forefront!
© Development Dimensions International, Inc., MMXIII. All rights reserved. 31
Leaders must be assessed and
developed to perform relative
to what your organization
needs to do to succeed
in the future!
TIP3
32
Make sure you:
1. Provide insights and a
process so they can begin
contributing quickly.
2. Get and keep them engaged.
3. Position them for current and
future success.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Onboard new hires and
new leaders effectively.
TIP4
33
The best have a strong track
record and are supported by
validated research that proves
their effectiveness.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Use assessment and
development processes
that can be adapted for
your organization.
TIP5
34
Corporate headquarters
should encourage and support
mentoring and coaching, while
empowering regional partners
to identify and employ the right
tools.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Execute talent initiatives
both globally and locally.
TIP6
35
To sustain a pipeline initiative,
pay attention to the building of:
1. sound execution plans
2. effective communication
3. clear accountability
4. skill development
5. alignment with related systems
6. success metrics
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Weave in principles that
ensure success.
© Development Dimensions International, Inc., MMXIII. All rights reserved.
There you have it! Five best practices and six tips.
36
© Development Dimensions International, Inc., MMXIII. All rights reserved.
Ready to optimize your pipeline?
37
Pipeline experts are standing by at 800.933.4463 or
[email protected] to help make you successful.