Existing leaders face many crises today. With the retirement of so many baby boomers from the work force, being able to develop new (and better) leaders is essential.
To understand the magnitude of the Leadership depletion in real numbers: over 10,000 baby boomers file for retirement Social Security every day!
The American Management Association’s survey of corporate executives on the adequacy of “critical skills” among their workforces shows some very disturbing results that must be addressed by the private, not-for-profit, and public sector:
Critical Skills (prioritized) – Proficiency Rankings
Communications – 51.4% rank as only average
Collaboration – 42% rank average
Critical Thinking – 46.9% rank average
Innovation – 46.9% rank average
Organizations that don’t take action now are at risk of unstable executive leadership, suffering from downward business and profitability consequences.