The Institute for Corporate Performance (i4cp) just released a study correlating leadership competencies and market performance. These findings are among the first that I know of that show which leadership competencies make a real difference in business performance.
Interestingly, these findings support both my Leadership in the Next Decade findings and the focus of a new leadership development program I am offering through my partnership with Michael Maccoby and Personal Strengths Publishing, Becoming a Leader We Need with Strategic Intelligence.
Key findings from i4cp’s research are:
- Only 23% of those surveyed describe their companies as being strong at developing future leaders.
- The most popular competencies used are not correlated with market performance. Among business competencies, only “strategy execution” was both popular and correlated to market performance.
- The top business competencies correlated with market performance are:
o Strategy development
o Having a global mindset
o Decision-making from a synthesis of internal and external
o Organizational development
o Strategy execution
- The top relationship/communication competencies correlated with market performance:
o Verbal communication skills
o Building relationships outside the organization
o Building organizational capacity
Becoming a Leader We Need with Strategic Intelligence focuses those in Director and above positions on building these key competencies. For more information about or a more detailed overview of the program, call me at 978.475.8424