As an interconnected global system, we are facing opportunities to address risks and create a more sustainable, just and fair future for more people. • Where are you trading flexibility for privacy? • What are the likely impacts you and your organization will face in the next three-, six-, nine- and 12-month cycles? Many organizations were effective at implementing significant change quickly during Covid-19. In large organizations, leadership development is carried out by the L&D team who are assisted by the leadership team. • How is technology impacting your ease of life (e.g., internet of things and self-driving cars)? • What challenges do your team members face? This requires that they themselves embrace a mindset of agility and understand the importance of remaining flexible. Read Maureen Metcalf's full executive. Companies that have a commitment to innovation built into their DNA are companies that are better positioned to take advantage of opportunities and ideas, and that are in less danger of being left behind. The presence of different backgrounds, experiences, and perspectives in the leadership suite helps everyone think outside their own point of view, which is great for problem-solving and innovation. A future where people earn a living wage to provide for their families without relying on government assistance. The following report is divided into two sections The first (shorter) section focuses on the current environment and the challenge of developing leaders in an increasingly complex and uncertain world The second looks in depth at four leadership development trends identified by interviewees and the emerging practices that could form the basis of future leadership development … Employees who are highly engaged in their work are likelier to add discretionary effort and go that extra mile to ensure excellence. But regardless of how much leadership potential a person has, putting them into a leadership position without proper training and preparation is asking for disaster. It’s not easy, especially for more traditional managers. The shift then is from individual competencies to creating organisational cultures in which leaders can emerge easily and seamlessly to fit the situation of the moment. In an analysis of future leadership development trends, Nick Petrie, a senior faculty member with the Center for Creative Leadership, asks, “What will the future of leadership development look like?” After interviewing 30 experts, Petrie concludes that the era of the “heroic leader” is giving way to “collective leadership” and that … Accountability matters. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. • How will this flexibility impact your access to new opportunities for you and possibly your family? Read Maureen Metcalf's full executive profile here. Age diversity in leadership is just one manifestation of diversity in general. But embracing agility is no longer an option among organizations that plan to seize opportunities and move forward out of their comfort zones. Thus, accountability matters because lack of it can lead to bad PR and a tarnished reputation. Leadership programs are set to become more personal in their approach towards training students. • How does social and restorative justice impact your thinking about your work? • What opportunities are available to you now that were not before? • What new topics do you need to understand? But … Leadership will not become easier in 2020 and beyond, though technology and automation may make certain processes faster. Trends in the management of “human capital” have been a topic of leadership development for decades. Success in the 21st century requires commercial strategies as well as “people” strategies (which should include leadership development). Leadership development will become more personal. That’s why leadership development programs and leadership coaching are absolutely essential to the business that is committed to success in this fast-paced, technologically evolving era. The future of leadership: anticipating 2030; Leadership 2030 The future of leadership: anticipating 2030 ... – and also opportunities, which could see organisations with the right leadership skills take advantage of new trends and emerge as leading players in their sectors. Delaying retirement may happen for a variety of reasons, including not having sufficient savings. This has always been true and always will be true, but today, businesses simply can’t get away with a lack of accountability (for long, anyway). And a highly engaged workforce has lower turnover, saving the company tremendous amounts of time and money. • How does your organization balance competing stakeholder objectives? At the same time, Generation Z (the younger siblings of the Millennials, born starting in the late 1990s) are entering the workforce in increasing numbers. Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. Mentoring and Coaching are just right, right now. Clearly, we have entered an age of agility in business, and it starts at the very top. Trend 7: More freedom to work where and how we want — and less privacy. The "Chief Organizational Capability Officer" Emerges Trend 4: Increased expectations to deliver results faster. • Who is your tribe, and how do you stay connected? At the level of the front-line employee, agility means that some managers will have to change from telling employees what to do and how to do it to focusing on mission-critical initiatives and removing organizational impediments that prevent employees from achieving the best results. We, as leaders and people, need to continue to adapt to a broad range of changes in our personal and professional lives. • What routine do you need to create to refresh your knowledge and skills continually? A culture of accountability leads to more honest feedback, forces people to follow through on commitments, keeps us grounded in reality, and prevents small problems from turning into big problems. It is not just about how the whole process goes, but also about how today’s leaders work and … • How does the gig economy provide you with increased capacity? It’s great when innovation happens fortuitously, but companies cannot count on this in order to remain competitive in an increasingly innovative business environment. Future Trends in Leadership Development Like most things in today’s world, leadership development is changing quickly. Resilience, agility, and adaptability are mandatory traits for tomorrow’s leaders. When I asked CEOs what they viewed as the biggest trends impacting leadership, the most common answer I received was the growth of artificial intelligence and technology. They hire data scientists and programmers for that. • How does this flexibility impact your social bonds at work and home? They will want trust, autonomy and independence. The era of the monolithic company that remains the same or changes slowly over the decades is over. © 2021 John Mattone Global, Inc. All rights reserved. Here are steps companies can take to prepare leadership for inevitable changes: Success tomorrow depends on recognizing and developing leadership talent today. • What is your North Star during turmoil? Here are some of the reasons why leadership development programs must emphasize employee engagement. Command and control leadership will be seen less and will eventually be phased out by natural selection as new generations have a style of leadership that is a product of how they see the world. I invite you to imagine the impact you want to see and work to create it. But on the positive side, more Americans delay retirement because they like their professional life, and increased life expectancy makes it more practical for many. Often, the problem is in evaluating, prioritizing, and executing those great ideas – a Herculean task, but one that must be accomplished to retain a competitive advantage. Trend 6: Need to increase personal agility in all facets of life. The experiment was simple, really: would workers be more productive if the factory were more well-lit? Category: Blog, Intelligent Leadership. © 2021 Forbes Media LLC. Leadership coaching will play an increasingly important role too, as people enter leadership roles with expectations that they will get up to speed and deliver results as quickly as possible. Greensborough, North Carolina: Center for Creative Leadership. We can leave a legacy where future generations look back and see this time as a renaissance — when the foundation was laid to create a future better than many people living could imagine. Mike Henry’s post of a week or so ago on his Lead Change Group site outlined 3 changing leadership development trends and 3 staying the course trends that I found to be both on the mark and thought provoking….Oddly the 3 changing trends are somewhat in line with my thinking…especially his second regarding leadership … • How do you work together to address the challenges? Leadership development current trends: • The leadership development process is primarily taken care of by the HR team with assistance from the leadership team in SMEs. There are 3 changing trends in leadership development that I can deduce from watching the evolution of social media, the Internet and the leadership development community. A future where human exploitation is an exception rather than a common occurrence. Making the most of generational diversity in leadership means understanding that everyone is a person and not a statistic. • When traditional institutions falter, what replaces them? This responsibility will be significantly shaped by the following 10 trends and truths about the future of leadership development. Let’s be honest: succession planning isn’t much fun. But it also means understanding that different people need different things to thrive in a leadership position. Change management is necessary for situations such as: Disaster preparedness is another type of change management that you hope you never have to use, but that you must be ready for, nonetheless. Actual human leaders will continue to be the ones making judgment calls, despite the impressive advances that AI and big data have made. This report on emerging trends in leadership development is based on research with our proprietary Leading Insights research community. • How do you ensure you and your people can remain balanced when the sprint becomes a marathon? A future where all of the world’s population has enough food and water. This is a good thing! Underlying and amplifying these trends is the rapid digitization of content and interaction, which is reshaping the leadership development industry in three important ways. A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental stages). Employees who are engaged in their work add more value than those who are disengaged. It has expanded to include a greater emphasis on geopolitics, workforce health and social justice, among others. Many of the ideas associated with integral leadership are beginning to show up in the mainstream business and organizational literature. • How is climate volatility impacting your organization? Focusing On Individual Growth. The lighting wasn’t the differentiating factor, so what was? Four Trends for the Future of Leadership Development More focus on vertical development There are two different types of development – horizontal and vertical. Human nature says we want to perform well when we’re being watched. The unexpected can happen as well, in the form of an unexpected resignation or an unexpected death. Rarely is lack of innovation due to a lack of great ideas. The 7 emerging trends reshaping leadership development — a mix of challenges and imperatives that are influencing tomorrow’s workforce; Specific strategies you can use to respond to each of these 7 emerging trends; Ways to equip your people — regardless of job title or responsibility — to think more strategically and become … Future Trends in Leadership & Management: Shifting Priorities. Some ways that companies are maximizing the effectiveness of multi-generational leadership teams include: Executive suites are more closely reflecting the diversity present in the rest of society. • What changes do you need to implement? • What do you need to be able to do that you can’t yet do? Get on track These deficiencies create significant financial waste and pose real strategic risk for most organizations. But make no mistake: AI, big data, and technological advancements, in general, will have an effect on senior leadership, and leadership development programs must take these technological trends into account. Maureen Metcalf Forbes Councils Member. Mature accountability means we want to perform well whether or not we’re being watched. The ability to make trade-offs, evaluate risk, and exercise good judgment based on values and goals will always be critical leadership skills regardless of technological advancement. • How are your cultural values evolving to meet changing social norms? Trend 1: Economic volatility impacting society and the workplace, increasing polarization on global sustainability, and social justice issues impacting international relations and local communities. But this is actually higher than it’s ever been, which is good news. Future Trends in Leadership Development: A White Paper. Change management is the ability to provide a methodical approach to individuals and teams undergoing a transition from the present state to some future state. The Future of Leadership Development: A Global Mindset. Leaders must devote time and resources to innovation by employing technology (like innovation management software) and actually following up and implementing great ideas. Have you heard of the “Hawthorne effect?” It was coined based on experiments in the 1920s at Hawthorne Works, a Western Electric facility near Chicago. Both AI and big data analysis inform decision-making, and some of those decisions will take place at the executive level. With so much focus on diversity and inclusion, … Unfortunately, unconscious bias still exists, and where it does, it stifles talent. The CEO and other C-level leaders must play their part in driving the adoption of agile practices throughout the enterprise. The World’s #1 Executive Coaching and Business Coaching Blog (2017-2020), June 26, 2019 | The Future of Leadership Development. Here are some of the expected future trends in leadership development programs. 855.433.5945. The truth is, in any consumer-focused business, diversity is one of the best ways to unleash the full potential of the workforce because a diverse workforce better understands and better reflects the consumer population. We are facing opportunities to address risks and create a more sustainable, just and fair future for more people. ... development and recruitment. The good news is that more companies are trying to hire a more diverse workforce to make the best use of a broad variety of backgrounds, skills, experiences, and opinions. For the most part, it won’t … It sounds like a lot of moving parts for the leader of the future to manage, and it is! Disruption and the constant push for innovation enable technology to replace many traditionally lower-skilled jobs with robots and robotic process automation, yet many jobs require special skills. Organizations' inability to predict and plan can impede progress in addressing critical issues, and the slow action can accelerate the underlying problems. Accountable organizations attract accountable people, and accountable people know that sometimes it’s harder to do the right thing, but that it’s better in the long run. An increasing emphasis on outward-looking leadership. Another consequence of rapid technological advancement is a faster rate of change. Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. Unfortunately, employee engagement is still abysmally low in America: 34%, according to a Gallup survey. A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental … For organizations to function effectively, employees and participants need to trust leadership and one another. Without proper succession planning, changes are far more disruptive and painful. Succeeding with innovation requires gathering ideas, evaluating ideas, and actually implementing them. A flexible workforce. Opinions expressed are those of the author. Workers in both the “better lighting” and the control groups were more productive during the experiment. Future generations of employees will expect to be treated like leaders. • Personal Rapport. Do you see a move from hierarchy to distributed power? Year after year, organizations tell us they struggle to find and develop future-ready leaders. In this year’s Global Human Capital Trends survey, 80 percent of respondents rated leadership a high priority for their organizations, but only 41 percent told us they think their organizations are ready or very ready to meet their leadership … Knowing how to develop leadership talent and when to implement coaching requires understanding changes in the business world and in the makeup of the workforce. • Who has power? ... Not fully understanding local markets, trends and deep-rooted social and cultural nuances can lead to failure. (https://www.i-l … Never before have we lived in such a fast-paced business environment. Leadership development programs must at least touch upon the importance of succession planning. We’ve been talking about the … And without the buy-in and support of top leadership, innovation on a game-changing scale won’t happen. We surveyed hundreds of clients, leaders, and decision-makers in the Learning & Development field, representing a cross-section of industry, education, and nonprofit sectors from … There are innumerable reasons, but there are two that are especially important. Researchers at North Carolina State University recently found that companies with diverse workforces are better at developing innovative products and services. There’s nothing new about businesses saying they’re in favor of innovation, but what has changed is the necessity of innovation. It represents the lack of hidden agendas and commitment to honesty, JOHN MATTONE GLOBAL, INC. This represents another … Artificial intelligence has the power to completely transform how businesses operate and people work. Read Maureen Metcalf's full executive profile here. • Is your organization designed to evolve and thrive as the ecosystem continues to evolve? All Rights Reserved. • Where in your life do you have more flexibility, such as the option to work from alternate locations? We have the power to make progress to cocreate the future we envision — whatever that future is. With the rate of change, skilled workers need to update their skills or reskill regularly. I’ll talk about the trends I see at the end of 2020 based on my clients' work, as well as 50 interviews I conducted with executives, authors, thought leaders and academics. But accountability matters for bigger reasons than fear of being caught out. More is being asked of leadership, and more will be asked of leadership as we arrive in the year 2020 and beyond. • How are your systems and processes evolving to reflect systemic changes? To create this future, leaders need to understand the current leadership trends as well as the overarching megatrends. Competition changes, the marketplace changes, and there’s no such thing as certainty. Expertise from Forbes Councils members, operated under license. Latest insights from The Institute of Leadership & Management has revealed that small organisations are more likely to prioritise people before profit (29%), while 24% of medium sized and 28% of large organisations prioritise ensuring compliance with rules and procedures. Yesterday’s leadership development programs are insufficient to the demands of today’s leadership. We have the opportunity to plot a future that is unlike our past. Around 20% of people age 65 or older are still working, and that’s the highest percentage in more than 50 years. 400 SW 1st Avenue Trend 5: Major shift in knowledge and skill requirements for both leaders and employees. AI and big data may not make executive decisions, but they can inform them in new ways. Like it or not, people perform better when they know they will be held accountable for their actions. Techniques that used to work may work no longer. With up to five generations in the workforce, it’s only natural that leadership will reflect generational diversity as well. Tomorrow’s leaders will have to have a keen understanding of the main types of innovation, which are product innovation, process innovation, and business model innovation. Maureen Metcalf, CEO, the Innovative Leadership Institute, is dedicated to elevating the quality of leaders across the globe. A great deal of time has been spent on “horizontal” development (competencies), but very little time on “vertical” development (developmental stages). Mass migration, remote work and learning impact who can work, where work is done and the nature of work itself. The report published by the Institute of Leadership and Management unveils another important future leadership trend to be an increase of interest in core skills such as motivating direct reports, communication, setting goals and task delegation. The world is awash in information and everyone is connected. Trend 2: Continued erosion of trust in societal institutions and a weakening of the principles that sustain those institutions. Companies of all sorts realise that to survive in today’s volatile, uncertain, complex, and ambiguous environment, they need leadership skills and organisational capabilities different from those that … Four Trends for the Future of Leadership Development More focus on vertical development : There are two different types of development–horizontal and vertical. Accountability – the practice of working with integrity, holding others and oneself responsible for decisions, behaviors, and actions, Agility – the ability of an individual, team, or organization to sense changes and respond accordingly and quickly, Change management – a systematic approach to anticipating and executing change in an organization to minimize problems, maximize benefits, and support affected people throughout, Employee engagement – the emotional connection between an employee and their work, which makes them want to excel and more prone to apply discretionary effort, Innovation management – an approach to innovation of products, processes, or business models that encourages innovative ideas and also puts real support and resources behind development of the best of those ideas, Succession planning – a systematic process of recognizing future leaders and planning for replacement of existing leaders when they leave the organization, Transparency – the practice of “saying what you mean and meaning what you say” in business. New networks leveraging IT to share information and spread new ideas challenge hierarchies within and across systems and add complexity to supply chains that may amplify otherness among stakeholders and even within organizations. The overall trend is towards greater flexible working in the … Leadership Trends For 2021 And Beyond. Where there is disruption, there is an opportunity. Rewards of greater agility include faster time to market, faster innovation, and improved non-financial business results (such as improved company culture). When top leaders are trained and coached in change management, the entire organization can meet change with less resistance, better engagement, better performance, lower cost, and most importantly: an outcome where the organization is better than before. Leadership must be ready, and leadership development programs must identify leadership potential and performance early and offer genuine assistance to those talented people so they can become highly effective leaders. It’s no secret that technology is evolving at a breathtaking pace. • How do you shore up your foundation during turmoil? Do I qualify? 1. • What are the biggest challenges you face? Multiply Your Success with Deep Insights from John Mattone, Executive Coaching, Retreats and Online Leadership Academy, INTELLIGENT LEADERSHIP EXECUTIVE COACHING, COACHING DEBRIEFS & INTELLIGENT LEADERSHIP, John Mattone’s 50 Laws of Intelligent Leadership, are better at developing innovative products and services, neither AI nor big data will make decision-making easier, The Importance of Delayed Gratification to Good Leadership, How to Build Trust in Leadership in Tough Times, Polish These 6 Mediation Skills to Lead in 2021, 4 Tips for Coaching High-Potential Leaders, Cultural Transformation Brings Tangible and Intangible Benefits, Executive Coaching Definition, Stages, Benefits, Strategies & Results, How Executive Coaching Trends Will Change Over the Next Decade, Recruiting for age-agnostic qualities – those that make sense in your corporate culture and with your goals, regardless of the age of the person possessing them, Understanding the balance in leadership that must be struck between stimulation and stability and choosing leaders – regardless of age – who possess the qualities you need, Experimenting with a “buddy system” pairing diverse leaders to tackle specific problems, Ensuring CEOs make time to talk face to face with top leaders on a regular basis because it’s one of the best ways to get real feedback and understand the company’s leadership culture better, Physical relocation of a team, a branch office, or an entire business, A major upgrade to IT infrastructure or software, Reorganization of a department, branch, or entire business, Identifying precisely who will participate in the change, Identifying how groups and individuals will change, Creating a plan for ensuring change participants have the leadership, training, and coaching they need, Understanding how change will affect company culture and planning accordingly, Monitoring change and addressing problems, Profitability is 21% higher for highly engaged teams, Most HR leaders agree that peer feedback (a hallmark of engagement) is necessary for successful outcomes, Employees who believe they are listened to are 4.6 times likelier to feel empowered to perform at their peak, Ninety-six percent of employees believe that empathy improves employee retention, Disengaged employees cost companies in the U.S. some $550 billion per year, Institutionalize a data-driven succession planning process to prevent bias, Identify criteria and qualities essential to a new executive leader’s success, Create an onboarding and transition process for leaders transitioning to new positions, Emphasize the importance of long-term leadership development, Revisit leadership criteria as the business evolves. Ft. Lauderdale, FL 33301 Greensborough, North Carolina: Center for Creative Leadership. It’s never been easy to identify and develop talent in next-generation leaders, but today it’s more challenging than ever due to a worldwide market where competition for talent is fierce. In the past, we optimized for profit and efficiency; now, the equation is more complicated. They are more effective if they believe in the mission and the organization's commitment to accomplishing it. • How do your values impact your decisions and actions? Leadership today, tomorrow, and always will require a commitment to accountability and transparency in our actions. Change management requires discipline, and though techniques are unique to the organization, it often includes steps like: The process of innovation gets better with practice. Where there is a collapse, there is an evolutionary opportunity. Even when done as well as possible, leadership development — systematically building the capabilities needed to lead effectively now and in the future — is hard work. The important thing to remember is that neither AI nor big data will make decision-making easier. But today more than ever, effective, engaged leaders have to stay on top of current trends influencing their company, industry, employees, and the world at large if they are to continue to produce results. Here’s what top leaders must know in order to ensure effective leadership as we move into the third decade of the 21st century. Some businesses are even changing leadership hierarchies to accommodate agility. Executive leaders must commit to succession planning as part of “business as usual,” and they must view top-level leadership as something that is dynamic, not static. A Forbes Insights and Scrum Alliance survey found that 81% of executives consider agility to be the most important characteristic of a successful business. The need for leadership development has never been more urgent. It was the fact that workers knew they were being observed. • Now that you have proven you can deliver quickly (in response to Covid-19), what are the expectations for ongoing speed? The same survey found that 44% of businesses have introduced flatter management structures in order to be more adaptable. Forbes Coaches Council is an invitation-only community for leading business and career coaches. Section 2–Future Trends for Leadership Development This Is No Longer Just a Leadership Challenge–It Is a Development Challenge A large number of interview respondents felt that many methods–such as content-heavy training–that are being used to develop leaders for the 21st century have become dated and redundant.