Here’s the shocking truth about most Leadership Development programs…
Of the $366B spent annually on Leadership Development, most of it fails to deliver real results.
In fact, recent poll data provided by McKinsey reveals that only 7 percent of senior managers think that their companies develop global leaders effectively.
And around 30 percent of US companies admit that they have failed to exploit their international business opportunities fully because they lack enough leaders with the right capabilities.
I can relate.
Having trained Fortune 500 executives, NAVY SEALs, Olympians and elite performers around the world, I’ve seen millions of dollars spent on executive coaching, leadership and team development with similar failed results.
It was my job to help executives lead teams by developing leaders who were cool under pressure and could succeed even in the most demanding of situations.
To have teams that were cohesive and high performing, with team members who brought out the best in each other.
But as good as the Leadership Development firms were that these executives spent company money on before I arrived, they were never able to move the performance needle very much.
In fact, I encountered the same levels of disharmony, lack of trust, grandstanding, run away egos, misunderstandings, lack of open and honest debate, and burnout from nearly all of the companies and team members I was consulting for.
They saw no lasting change in their leadership teams. And far too many good ideas from leadership programs that didn’t get implemented.
And they were constantly left scratching their heads as to why.