Leadership Learning: The Actual Expenses Of Not ... - Self Improvement

A report from the Said Business School at Oxford University in the UK found that British businesses and public sector organizations are squandering almost $140 million on executive education programs that are inadequately developed and delivered.

The study went on to convey that 35 % of HR directors and 21 % of other executives believed that their current training and development programs were meeting corporate strategic objectives. The majority of the cash was being allocated to individually developed courses for senior executives.

If those businesses wish to stop squandering all that cash on poor management training, I know where they are able to get their money?s worth. And yes it doesn?t have anything to do with having more academics design unique courses, events, and outings for senior staff.

Here is a new idea folks. Why not spend your cash on leadership training and development down in the ditches, where it will truly do some good?

Most businesses do not do nearly enough of that. In 2003, just 7 percent of training budgets in the US were allocated to first line leaders and most of that was for learning administrivia and for prophylactic HR.

The fact is the fact that front line leaders do not get much training at all and valuable small of it is actually about leadership skills. Maybe that?s because companies think they?re saving cash by not investing in front line leader training.

True, there is no budget line item absorbing funds that might be allocated to the executive dining room, or art for the CEO?s office. But there are what economists call ?opportunity expenses,? the expenses of not training front line leaders.

There?s the opportunity cost of lost productivity. Great frontline leadership develops both morale and profitability.

There?s the opportunity cost of lost leadership. Fantastic companies develop most of their very own leaders. If you have to go outside for leadership you incur recruitment expenses and transition costs.

Lastly, there?s the price of legal cases. Great frontline leadership creates organizations where lawsuits are less possible. And, ff the company is charged over a supervision issue, defense will probably be simpler if the leaders have been doing their jobs.

How about your business? Do you develop your own leaders? Do you help them develop the skills they need to enhance morale and efficiency and avoid lawsuits? Think about that the next time you consider the training budget.

If you want more information on Leadership Training, don?t read just rehashed articles online to avoid getting ripped off. Go here: Leadership Development Training

Source: http://myselfimprovementtoday.com/leadership-learning-the-actual-expenses-of-not-doing-leadership-training

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