Is A Leadership Development Program Necessary?
In an independent study on executive coaching, author Merrill C. Anderson, Ph.D., claimed that leadership development coaching resulted in a 529% ROI. Anderson believes that companies want (and need) to accelerate the development of their next-generation leaders. Many Fortune 500 companies, including Microsoft, Cisco, IBM, FedEx, and Panasonic, agree. AMD believes IT leadership development is vital. In one training simulation, a key employee quits, leaving the department manager with the additional burden of the employee s workload. This burden is further compounded if the missing employee performs a function vital to daily operations. The simulation was so realistic, the AMD manager returned to his department and immediately began cross-training his team. Many universities are offering classes in leadership and IT leadership development. The military also has a number of programs, and there are even junior programs available from companies such as White Stag, United Way, and the Burea