Favorite HBR "Imagining the Future of Leadership" Post #3 (How to Fix Leadership Talent Shortages)

Susan Ashford and Scott DeRue reveal that one in four corporate training dollars are spent on leadership deveopment ($12B dollars in total) and yet nearly 2/3 of firms are experiencing leadershp talent shortages that are impeding their performance. Something needs to shift.

They call for focusing development on five areas:

1. Helping people learn leadership from life experiences (a related paper penned by sames authors, Power to the People, is here)
2. Cultivating leadership principles, not just skills
3. Rewarding leadership development
4. Expanding leadership development to all parts of the workforce
5. Simplicity – employees need to know what leadership skills, comptencies and attributes really matter and focus on those.

Note: The entire six-week Harvard Business Review blog series can be
accessed here.