Despite organizations’ significant recent global investment in their current and aspiring leaders, only 27% of managers believe they have leaders equipped to handle the future needs of their organizations. Why the disconnect? Research finds that, while leaders’ abilities have not changed, the leadership environment has.
The best leaders in today’s interconnected, complex work environment are Enterprise Leaders. Enterprise Leaders: 1. Achieve strong individual leadership performance by reaching their goals and leading their teams to do the same. 2. Show great network leadership outcomes—working with other leaders and 3. their teams to transfer and acquire resources and best practices that improve organizational outcomes.
The payoff is clear: A bench of Enterprise Leaders can boost annual business unit revenue growth rates by up to 12% – 8% percentage points more than the gains achieved by those leaders focused only on their own business units. In addition, in comparison to other teams, teams managed by an Enterprise Leader are 23% more likely to be highly innovative and 15% more likely to generate solutions to new or unanticipated problems.
However, only 1 in 10 of today’s leaders qualifies as an Enterprise Leader.
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