If I were to ask you to name your organization’s most valuable resource, you would probably respond with innovation, technology/data, mineral resources or even your people or culture. People and culture are pretty close, but people usually thrive and like the working environment because of a good leader. Culture is also nourished and supported by a good leader. In fact, a good leader will help an organization maximize the value of all of their other resources.
Think of all of history’s greatest accomplishments, whether it was the moon landing or a scientific discovery. They would not have been successful without good leadership.
Throughout my 30 plus years of work, I’ve managed projects internally and as an external consultant. When good leadership from management was involved in either case, the projects flourished. When good leadership was not present, the projects usually faltered.
It’s time for organizations to manage their leadership resources similarly to how they would manage their other resources. Innovation is encouraged and supported. Technology is maintained and updated. Mineral resources are secured to prevent theft or unauthorized access. People and culture are developed and nurtured.
Good leadership is in short supply in every aspect of our world. If you don’t manage your leadership resources, you will probably lose them as they are usually your most marketable employees.
To accomplish this, organizations must:
- Identify their best or most valuable leaders and develop accompanying strategies to better retain them.
- Identify and eliminate toxic or dysfunctional leadership situations, which could lead to the departure of good leaders.
- Implement organization or department wide strategies to make sure the right leader with the right abilities is assigned/promoted to the right opportunity at the right time.
- Build a strong leadership pipeline of established leaders, potential leaders and new hires.
Don’t wait to lose another valuable leader! It is too costly to your organization.
Read more about implementing a successful leadership resources management (LRM) strategy on our website and contact me if you have any questions.
You can also attend my session on leadership resources management at the upcoming SHRM national conference this summer. In the session, I will be presenting a case study on how we helped an organization better utilize their leadership resources using LRM.
You can also attend my session on leadership resources management at the upcoming SHRM national conference this summer. In the session, I will be presenting a case study on how we helped an organization better utilize their leadership resources using LRM.
