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The News God > Blog > Business & Finance > Why does your organization need a corporate leadership development program?
Business & Finance

Why does your organization need a corporate leadership development program?

Rose Tillerson Bankson
Last updated: February 6, 2023 3:27 pm
Rose Tillerson Bankson - Editor
February 6, 2023
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Organizations rely on grassroots executives to carry out plans developed and delegated by mid-level and senior-level executives. Hence, the capabilities of mid-level and senior-level executives or managers play a critical role in the development and growth of any organization. As the flag bearers of the company’s progress, these executives play a vital role in strategically approaching the organization’s business goals. Executives at management’s middle to upper levels conceive and design organizational structure and behavior. Developing the necessary skills or capabilities to become successful future leaders is imperative. Hence, corporate leadership development program are critical in identifying top executives and nurturing their capabilities.   

What are the components of a corporate leadership development program?

Organizations offer a leadership development program to employees and executives with inherent leadership qualities. Still, they need coaching, mentoring, and training that would make them award-winning international leaders for the organization. Therefore, the focus of leadership development programs in a corporate setting should be to build individuals’ skills in leadership. Helping the executives with training to excel in their capacities on a professional and personal level.

Custom leadership development programsare developed after a lot of research is conducted into the functioning, roles, and responsibilities of team leaders, managers, directors, and even the vice presidents of an organization. The customized research program focuses on developing training for individuals in six key skills.

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The ideal corporate leadership development program focuses on building competencies in individuals and, at the same time, inculcating decision-making and problem-solving abilities in the leaders of tomorrow.

Hence, the key elements of a good leadership development program are:

  1. Mentoring and coaching for the individual to build on the inherent capabilities
  2. Managing change capability to help the team develop adaptive skills and match the demands of the new workflows.
  3. Capability to influence and negotiate
  4. Excellent communication
  5. Ability to offer effective feedback to team members
  6. Capability to identify milestones for career growth and organizational goals.

What are the corporate leadership development program phases?

A well-designed corporate leadership training program includes five stages. These are the following:

  • First, develop the potential leader’s ability to establish trust
  • Second, build the ability to cultivate leaders
  • Third, one can discern facts in the workplace
  • Fourth, can implement plans
  • Fifth, effectively transition into a successful leader

What qualities does corporate leadership cultivate in a leader?

The transition to a successful leader is based on the criteria of good corporate training. These are the abilities of the leader to be self-aware and always focus on personal development through further training or workshops. The leadership program also inculcates the habit of identifying and giving them the proper coaching and mentorship to help them evolve into influential, top-performing executives. At the same time, the leader has acquired the ability for critical thinking, strategic planning, innovation, and action. Top corporate executives understand ethical and, responsible, accountable working by the end of the leadership training program. Another capability built is effective cross-cultural communication.

Research-based, customized leadership programs also lead to the development of six critical effective qualities, namely: excellent communication, great collaborative skills, creativity, commitment, and compassion.

Wrapping Up

A custom leadership development program leads the executives to acquire the fresh values of vision-based growth, effective communication, emotional intelligence, and the ability to influence teams and reinforce all these characteristics. To know more about corporate and custom leadership development programs, speak to our experts at Infopro Learning now!

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