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The Leadership Gap: Building Leadership Capacity for Competitive Advantage PDF

354 Pages·2005·3.44 MB·English
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t h e L E A D E R S H I P G A P This page is intentionally left blank t h e L E A D E R S H I P G A P Building Leadership Capacity for Competitive Advantage Dr. David S. Weiss Dr. Vince Molinaro John Wiley & Sons Canada,Ltd. Copyright© 2005 by Dr. David S. Weiss and Dr. Vince Molinaro All rights reserved. No part of this work covered by the copyright here- in may be reproduced or used in any form or by any means—graphic, electronic or mechanical—without the prior written permission of the publisher. Any request for photocopying, recording, taping or informa- tion storage and retrieval systems of any part of this book shall be directed in writing to The Canadian Copyright Licensing Agency (Access Copyright). For an Access Copyright license, visit www.access- copyright.ca or call toll free, 1-800-893-5777. Care has been taken to trace ownership of copyright material contained in this book. The publishers will gladly receive any information that will enable them to rectify any reference or credit line in subsequent editions. National Library of Canada Cataloguing in Publication Weiss, David S. (David Solomon), 1953- The leadership gap : building leadership capacity for competitive advantage / David Weiss, Vince Molinaro. Includes index. ISBN-13 978-0-470-83568-0 ISBN-10 0-470-83568-0 1. Leadership. I. Molinaro, Vince, 1962- II. Title. HD57.7.W525 2005 658.4’092 C2005-900326-X Production Credits Cover design: Mike Chan (with a contribution from Joseph Weissgold) Interior design: Interrobang Graphic Design Inc. Printer: Friesens Printers Ltd. John Wiley & Sons Canada Ltd. 6045 Freemont Blvd., Mississauga, ON L5R 4J3 Printed in Canada 10 9 8 7 6 5 4 3 2 1 Contents prefaceix acknowledgementsxvii part one:The Business Imperative1 Chapter One:Mission Critical3 Leadership Capacity And The Leadership Gap5 The Changing Business Environment Necessitates New Ways Of Thinking6 The Leadership Gap Is Mission Critical13 Current Solutions Are Not Bridging The Gap15 Chapter Two:Bridging The Leadership Gap17 The Four Aspects Of The Leadership Gap17 Bridging The Leadership Gap24 part two:The Leader’s Response29 Chapter Three:Holistic Leadership: An Overview31 Understanding Holistic Leadership32 Functional Leadership33 An Example Of Dysfunctional Executive Leadership And Its Implications37 The Need For Holistic Leadership45 vi CONTENTS chapter four:Customer Leadership51 The Changing Customer Dynamics52 Implications Of Customer Dynamics54 The Public And Private Sector Customer56 Five Expectations Of Customer Leadership58 From Customer Value To Customer Loyalty61 Customer Leadership Is The Heart of Holistic Leadership73 Chapter Five:Business Strategy75 Developing Business Strategy79 The Business Strategy Process82 Architect Strategy83 Balance Priorities86 Contingency Scenarios92 Deploy Plans95 Evaluate Outcomes98 Leverage Business Strategy To Develop High-Potential Leaders100 Closing Comments104 Chapter Six:Culture and Values105 Pillar 1—Lead Culture Change107 Pillar 2—Integrate Values Into The Organization116 Pillar 3—Drive Employee Engagement With The Culture and Values121 Measure And Track Progress On The Culture And Values127 Closing Comments128 Chapter Seven:Organizational Leadership129 Organizational Leadership—Leading for Alignment and Engagement130 Three Tools To Build High-Performance Organizations138 Tool #1: Develop An Enterprise-Wide Perspective And Work In The Interest Of The Whole Organization139 Tool #2: Build Relationships With And Influence Key Stakeholders145 Tool #3: Increase The Collaboration And Integration Across The Organization151 Closing Comments155 CONTENTS vii Chaper Eight:Team Leadership157 Team Leadership—Even More Important Today157 The Four Types Of Teams159 Assessing Team Leadership Case Example165 How To Build Strong Team Leadership170 Closing Comments178 Chapter Nine:Personal Leadership179 The Personal Factors That Can Derail Leaders181 CAPABLE Personal Leadership184 Closing Comments209 part three:The Organization’s Response211 Chapter Ten:Leadership Capacity Implementation: An Overview213 Why Leadership Capacity Implementation is Important215 Closing Comments224 Chapter Eleven:Embedding Leadership In The Organization225 Embedding Leadership: The Journey226 The Three Foundational Strategies For Embedding Leadership In An Organization228 Strategy # 1: Ensure A Secure Supply Of Leadership Talent229 Strategy # 2: Develop A Compelling Organization-Specific Leadership Story234 Strategy # 3: Anchor To A Well-Established Organizational Process240 What Is Lost When One Or More Of The Strategies To Embed Have Not Been Applied?242 The Gaps Can Be Bridged With Focused Attention243 Chapter Twelve:Focus on Critical Positions and Key Talent245 The Failure of Traditional Succession Planning Processes246 Five Methods Of Identifying Successors To Fill The Leadership Capacity Gap248 The Risks of Not Insuring Successors For Critical Positions250 Why Focus Succession Management On Critical Positions And Not On Key Leadership Talent?254 viii CONTENTS Retention Strategies For Key Talent255 The Five Steps Of Succession Management For Critical Positions258 Five Key Success Factors In Succession Management For Critical Positions268 Closing Comments271 Chapter Thirteen:Integrated Leadership Development273 The Traditional Approaches to Leadership Development275 The Four Types of Leadership Development Options278 The Strengths and Limitations of the Multiple-Solution Approach284 The Need For An Integrated Solution286 The Integrated-Solution Approach To Leadership Development287 The Eight Steps To Implementing An Integrated-Solution Approach To Leadership Development288 Closing Comments296 Chapter Fourteen:Accountability For Leadership Capacity297 Executive Accountability For Leadership Capacity298 Human Resources Professionals Part Of Building Leadership Capacity303 HR Accountability to Audit The Current State Of Leadership Capacity308 What If The Executives Are Not Interested In Leadership Capacity313 Closing Comments314 Chapter Fifteen:The Leadership Economy315 Welcome to the Leadership Economy316 The Implications Of The Leadership Economy For Business, Government, and Academia318 The Road Ahead321 If Not Now, Then When?322 index323 about the authors331 about knightsbridge334 Preface The Leadership Gap addresses one of the most mission critical business issues facing organizations today—building leadership capacity. Organizations are experiencing significant leadership gaps, which is undermining their ability to succeed. However, many executives either are not focusing on this issue or are not satisfied with current approaches to building leadership capacity. What is especially alarm- ing about the leadership gap is that despite widespread investments in management and leadership education, companies still are not able to deal with this gap. Executives and HR professionals need to rally around the leader- ship gap issue and not allow it to jeopardize their business success. Some executives may believe that this is a soft business issue. We sug- gest that, quite to the contrary, the leadership gap should be one of the top priorities for executives now and into the future. The Leadership Gapchallenges the traditional views and approaches of building leadership capacity with a new integrated perspective that recognizes leadership as a source of competitive advantage. To this end, The Leadership Gappresents the case for a new frame-

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Studies consistently show that quality leadership development programs pay off for companies -- in the form of shareholder returns, market share growth, and sales. However, many companies have inadequate leadership development programs. This book challenges traditional views of leadership developmen
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