Successful Organizations Develop Leaders for the Future

The headline in the Free Press read, City sees healthy growth in economic development and reported the growth momentum was predicted to continue well into 2015. It’s nice to see Manitoba’s competitive advantage has been successful in attracting large world-class companies. At the same time, I am pretty proud of the large number of mid-sized, family-owned enterprises demonstrating success.

 

To continue growth momentum and to sustain world-class status, however, every organization, large or small, needs strong leadership. Leadership is the only way in which you will continue holding on to and sustaining competitive advantage. In today’s global market, the need for strong and effective leadership is unprecedented. Unfortunately, studies show only 30 to 40 per cent of organizations are well prepared to fill their vacant leadership positions should the need arise.

This raises the question: What is the status of your leadership team? Are you at risk from potential retirements? Do you have gaps in the leadership pipeline? Has the criteria for leadership in your organization changed? Are you failing to develop new leaders within your organization? If the answer is yes to any of these questions, you need to take action now. Where do you start? The following guidelines will assist you in creating a foundation for leadership development within your organization.

Identify corporate competencies

It has probably been some time since you really paid attention to the skills and competencies needed for leadership, either currently and/or for the future. The first step is to confirm future business trends and determine your strategic plan. Once this is complete, identify the leadership competencies needed to realize your future by identifying just what leadership behaviours, knowledge, skills, abilities and personal attributes are required for continued success. Prioritize what you consider the core competencies because these are considered a must-have qualification for any candidate.

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Hiring for Succession

As we all know, small businesses face a number of challenges not experienced by larger firms. One of the most pressing challenges is that of succession planning, especially when no internal candidate is readily available. Unfortunately, what I sometimes see is a business owner staying at the helm of their business until their health begins to suffer. When that happens, the health of business also begins to suffer, often resulting in a good, viable business being destroyed by lack of planning.

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Strength in Tough Times

Picking yourself up after a job loss

Target Canada's announcement of 17,600 pink slips in January 2015 was one of the biggest mass layoffs in Canada in more than 20 years. In one fell swoop, 133 Canadian stores were closed and their employees let go.

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Dog Sledding - A Team Sport That Must Have a Good Leader

I recently spent a long weekend in the Lake Louise and Banff area.  Although I’m an avid skier, I decided to forego skiing and participate in other activities the area has to offer – as the area does offer an abundance.

One such activity was Dog Sledding.  My initial attraction was simply seeing a poster in the Lake Louise Tourism shop and thought if for no other reason, then when I travel to a southern, warm destination and was asked by locals if I have ever experienced dog sledding being Canadian, I could honestly then say – “Yes! I have and it was very cool!”  Little did I know that I would gain more than simply, a fun excursion amongst a beautiful snowy backdrop and the thrill of trying something new, but see evidence of typical organizational dynamics in a unique setting!

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Teamwork, The Smartest Play

Getting people working together a key part of organization structure

 

Have you ever sat down and thought about how fast our business world is transforming particularly as it relates to new products and services? Look at how quickly society adopted Facebook, one of the first social-networking sites invented in 2004.

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