Leadership in the Downturn: The Importance of Investing in Training in Development
I have had a passion for researching emerging leadership paradigms for years, looking for new ways to make employees more motivated, productive and innovative, and at the same time, organisations more profitable. These goals are in a causal relationship – the energy and mindsets of individual employees spread like a virus throughout organisations and have an impact on organisational success. With intensifying economic crisis, I have started to focus my research on leadership approaches in the downturn. One of the patterns that I have discovered is that whilst it is tempting for many companies to cut the budget for training and development in the downturn, the best companies never do that. Companies need to keep investing in the core competencies regardless of economic climate. Investing in training and development is a critical part of core competencies for many organisations. When organisations invest in development of their employees, they could expect more productivity and higher innovation levels, which can enable them to come out of this crisis strong and embrace faster growth when the economic cycle changes its trend. This time should be used to adopt new innovation practices and more positive mindset, learn new habits and skills and embrace fresh ideas and engaging experiments.
According to the latest research conducted at London Business School, majority of people spend less than 20 per cent of their working lives feeling energised, engaged, and innovative. To ensure long-term success, employees need to work with more energy, more enthusiasm, and most important of all, more innovation. This can be achieved by our new EMERGENT Leadership Programme which helps individuals and organisations to achieve extraordinary results regardless of the economic climate.
February 4th, 2010 at 11:46 am
Very informative text. I’ve found your blog via Google and I’m really glad about the information you provide in your articles. Btw your blogs layout is really broken on the Chrome browser. Would be really great if you could fix that. Anyhow keep up the great work!
February 21st, 2010 at 12:53 pm
I Will have to come back again when my course load lets up – however I am taking your RSS feed so I can read your site offline. Thanks.