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Scaling Your Organization with Leadership Development Programs

October 16, 2024/in Career Development, Developing for Growth, Leadership Development, Organizational Design, Talent, Uncategorized/by Edith Onderick-Harvey

Because Leadership Growth Leads to Business Growth

Here’s the truth: your organization can only scale as fast as your leaders can grow. Sure, you can invest in new hires, advanced systems, and outside expertise, but if you’re not developing your internal talent, you’re essentially trying to fill a leaky bucket. Leadership development isn’t just a “nice-to-have”—it’s the foundation for sustainable growth. You can’t expect your company to expand if your leaders are stuck in the same old mindset, using the same old tools.  Here are three ways to leverage leadership development to grow your business.

1. Make Leadership Development a Non-Negotiable

Leadership development isn’t something you throw in when you have “extra budget” (because, let’s be real, there’s no such thing). Make it a core part of your strategy, with concrete goals tied to your growth objectives. If leaders aren’t growing, neither is your business. This needs to be a priority, not a side project.

Move the Needle: Embed leadership development metrics directly into your performance review process for all leaders, making their growth a key indicator of their success. Tie promotions and incentives not just to results but to how actively they are developing their own leadership abilities and the abilities of those they mentor.

2. Invest in Custom Programs That Fit Your Strategy and Culture

Off-the-shelf leadership development programs can provide value.  But for greater value and effectiveness finding programs that are customized to fit your specific business strategy, culture, and leadership needs will deliver much greater impact. Partner with training providers who have a track record of tailoring their programs to reflect your organization’s unique challenges and goals. Your leadership development program should resonate deeply with your internal dynamics, giving leaders the skills they need in the context of your company’s long-term vision.

Move the Needle: Co-create a leadership development program in collaboration with external experts, but with significant input from your internal leaders. This will ensure that the program is not only aligned with the company’s strategy but also incorporates real-life challenges your leaders face, creating a more immersive and impactful learning experience.

3. Track Leadership Growth Like You Track Revenue

You wouldn’t ignore your quarterly sales reports, right? So why ignore leadership development progress? Establish KPIs for leadership growth—mentoring, team performance, decision-making impact—and track them as rigorously as you would any financial metric. Scaling leaders is no different than scaling profits; you need the data to make it happen.

Move the Needle: Implement a leadership dashboard that visualizes key metrics like team engagement scores, internal promotions, leader-driven innovation, and feedback from direct reports. Make this dashboard part of your executive team’s quarterly review so leadership growth is tracked as closely as financial results, driving accountability and continuous improvement.

 

The bottom line? Scaling your organization isn’t just about expanding your customer base or boosting revenue. It’s about developing leaders who can grow alongside the business and meet the demands of an evolving market. With the right leadership development program—customized to your needs and aligned with your strategy—you’ll be equipped to scale your organization from the inside out.

https://nextbridgeconsulting.com/wp-content/uploads/Meeting-around-table-scaled.jpg 1707 2560 Edith Onderick-Harvey https://nextbridgeconsulting.com/wp-content/uploads/Logo-w_Align.Design.Lead_.png Edith Onderick-Harvey2024-10-16 14:25:522024-10-16 14:25:52Scaling Your Organization with Leadership Development Programs

Giving Constructive Feedback to Leaders

October 2, 2024/in Building Trust, Developing for Growth, Emotional Intelligence, Leadership Conversations, Leadership Development, Talent, Uncategorized/by James Harvey

How to Shape the Leaders Who Shape Your Organization

Giving feedback to leaders is different from giving feedback to employees. Leaders come with a track record of success, authority, and influence and have likely given plenty of feedback themselves. But receiving it? That can be more difficult. Leaders often feel their success ensures their impact, thinking, and self-awareness are well-developed. However, no leader is perfect. Providing feedback requires balancing their reputation, past successes, and sense of control with what they need to hear. If you’re serious about navigating change and building a thriving organization, even top leaders need feedback to keep growing.

The challenge is that giving feedback to leaders isn’t just about correcting behavior or boosting performance; it’s about steering strategic thinking, fostering leadership growth, and fine-tuning their approach to managing others. Here’s how to make it happen effectively:

Focus on Impact, Not Just Performance

Leaders aren’t just executing tasks—they’re driving strategy, setting the tone, and influencing teams. So, when giving feedback to a leader, the conversation needs to center around their broader impact on the organization. It’s not about nitpicking small errors; it’s about helping them understand the ripple effects of their leadership style on the broader organization’s performance and future.

Example: Instead of saying, “Your team missed the deadline,” you could say, “From where I sit, the way you set priorities last quarter impacted the team’s ability to meet deadlines. It seems that goals and strategy weren’t as aligned as they could be. Let’s explore how we can align your strategic focus with operational goals to avoid this in the future. What’s your take on the situation.?”

Frame it as a Partnership in Growth

Leaders are accustomed to being problem solvers, not problem receivers. So, frame your feedback as a collaborative effort to help them grow, rather than a top-down directive. When you position the conversation as mutual exploration of how to improve, it lowers defenses and sets the stage for real growth.

Example: “I’ve noticed cross-functional communication has been challenging for your team.  Let’s work together to identify how you can improve communication channels and support your team in navigating these barriers. What do you think may be contributing to this situation?”

Challenge Strategic Thinking, Not Just Behavior

When giving feedback to leaders, it’s essential to elevate the conversation beyond daily operations. Leaders influence the long-term direction of the company, and your feedback should push them to think more strategically, whether that’s about how they make decisions, allocate resources, or drive change.

Example: Instead of focusing solely on how a leader managed a specific project, you might say, “I see a pattern where you and the team are reacting to issues instead of anticipating them. For example, … How can we shift your team’s focus to be more proactive in identifying potential challenges?

Acknowledge Achievements, But Don’t Sugarcoat Reality

Leaders are often high performers, which can make delivering tough feedback feel uncomfortable. And, in my experience their perceptions suffer from a bit of a halo effect – the individual’s high performance is seen to bleeds over into other areas. However, high performer are not high performers in everything they do. You’re not doing anyone any favors by sugarcoating. Start by recognizing their successes, but be direct and honest about areas where they need to grow—because, frankly, they know when you’re holding back.

Example: “You’ve done an excellent job rallying the team around key initiatives. I’m going to push you to do even better. I’ve noticed you are making some decisions too quickly without getting sufficient input from your stakeholders. That gets in the way of you being even more successful.  Let’s work on finding a balance between quick decision-making and gathering broader input.”

Encourage Leadership Development and Self-Reflection

Great leaders are lifelong learners, but they don’t always have someone pushing them to keep developing. Your role isn’t just to point out what’s wrong—it’s to help them continue their leadership journey by encouraging self-reflection and providing opportunities for growth.

Example: “You’ve accomplished a lot this year and I want to set you up for success next year. I’d like to challenge you to consider how you can strengthen your team’s leadership pipeline so that so much doesn’t fall on you. How can you mentor your direct reports to ensure that they’re developing into future leaders, too?”


Done right, feedback becomes less about correction and more about collaboration—making you, and them, stronger leaders in the process. After all, shaping great leaders is how you shape a great organization.

https://nextbridgeconsulting.com/wp-content/uploads/Woman-giving-another-feedback-scaled.jpg 1707 2560 James Harvey https://nextbridgeconsulting.com/wp-content/uploads/Logo-w_Align.Design.Lead_.png James Harvey2024-10-02 14:33:102024-10-02 14:33:10Giving Constructive Feedback to Leaders

How Organizational Capital Boosts Financial Performance

April 5, 2023/in Leadership, Organizational Performance, Performance, Talent/by Edith Onderick-Harvey

Companies have significantly better financial performance when they create a culture of consultative and challenging leadership, skill development, and collaboration. These factors also support bottom-up innovation, and positive and inclusive work environments, that McKinsey referred to as building “Organizational Capital.”

Sustained Excellence

McKinsey’s Global Institute looked at the impact of investing in human capital and skill development on company performance. Looking at 1,800 large companies across 15 sectors they assessed how much these companies focused on human capital and whether they financially outperformed their sector peer.
It turns out there is a significant impact.  The study identified what McKinsey calls People + Performance Winners. These companies excel at creating opportunities for employees to build skills, which they measured by looking at internal mobility, training hours, and organizational health scores. They also consistently clear the highest bar for financial performance. P + P Winners achieve more consistent results and have greater earnings resilience, along with the ability to attract and retain talent.
McKinsey asked, ‘How did they succeed on both fronts?’ The additional key element for these companies is what McKinsey calls Organizational Capital – their management practices, systems, and culture. It’s not enough to simply hire and train the great talent, it’s essential to create the environment where they can thrive. Think of it as the car that surrounds a driver. Even the best drivers are able to perform at higher levels when they have the best steering, braking, engines, and safety features in their cars.
As McKinsey noted in their report, “P+P Winners have a distinctive signature characterized by consultative and challenging leadership styles; bottom-up innovation and collaboration; positive and inclusive work environments; and rewards and advancement opportunities for employees.”
This research is important for all HR professionals and leaders who care about performance. It reinforces the view that we at NextBridge have always held:  People and company performance are a “both/and”conversation. Investing in one while not investing in the other will move the needle on some indicators of company success, but it won’t create sustained, consistent success in a variety of economic environments. Those companies that have the highest success are those that excel at balancing their investments and building organizations that thrive.

 

https://nextbridgeconsulting.com/wp-content/uploads/Pieces-Of-Puzzle-Coming-Together-2.jpg 783 1200 Edith Onderick-Harvey https://nextbridgeconsulting.com/wp-content/uploads/Logo-w_Align.Design.Lead_.png Edith Onderick-Harvey2023-04-05 18:07:372024-10-30 18:05:03How Organizational Capital Boosts Financial Performance

Worried About Accountability During the “Great Resignation?”

April 7, 2022/in Building Trust, Career Development, Career Growth, Performance Management, Personal and Professional Goals, Purpose, Talent/by Edith Onderick-Harvey
Record numbers of people are leaving their jobs and it’s putting a strain on businesses and their leaders. When you’re concerned about holding onto your best talent (who are usually the first to leave because they have the best options), it may seem like the wrong time to really hold people accountable. To be honest, we have become a little fearful. For many, the thinking is, “if I push my people too much right now, they’ll be even more likely to go.” Losing more good people is a legitimate concern. But here’s how accountability can actually work in your favor and increase your ability to retain and engage your best talent.

Three things you can do now to make accountability work:

  • Align performance with client needs.  It’s a lot easier to talk with someone about their performance if you explain how it matters to clients, including internal clients. “Lisa, let’s talk about ABC Pros. They’re one of our most important clients, so we need to bump up our performance for them. What do you think are the top three ways we can do that?” Add your views and expectations to the discussion. Making clients the focus of the conversation reduces the likelihood that they’ll take it personally. It’s not about what you want, it’s about what the client expects. The same is true about aligning expectations with business strategy. It reminds the individual how they make an important contribution. Connecting to their personal goals can make it even more powerful.
  • Map accountability to your team members’ professional development goals.  This is one of those areas where the art of conversation matters a great deal. Accountability can – and should – be framed up as an exercise in helping your employee meet both their business and development goals. “Mike, we talked last month about your interest in learning how to do more complex data analysis. Let’s look at what you’ve done on this project to see what you’re doing well, and where you can make adjustments that would aid in your development.” This can lead to a constructive discussion about the project goals and parameters you discussed with him earlier.
  • Make accountability a two-way street.  Good leaders know that trust and a sense of fairness are critical to developing a productive working relationship with others, regardless of their role. One of the most effective ways to do that is for you to be accountable to your team members as well. This could mean making time to meet with them on a regular basis, helping them overcome resource issues or other organizational barriers, or following up on your development commitments. When you’re trying to establish their accountability include what commitments you are making to support them. “Alisha, what can I do to make this easier for you to accomplish?” Or “What have I done that’s helped you on this project?  What’s not been helpful? What else can I do?”
All three of these elements of accountability were important before the great resignation. The stakes are higher now, so doing these things well will pay even greater dividends.
https://nextbridgeconsulting.com/wp-content/uploads/Conversation-Black-White.jpg 800 1200 Edith Onderick-Harvey https://nextbridgeconsulting.com/wp-content/uploads/Logo-w_Align.Design.Lead_.png Edith Onderick-Harvey2022-04-07 17:42:262024-10-30 18:07:53Worried About Accountability During the “Great Resignation?”

10 Things that Keep You from Hiring Great People

March 4, 2021/in Leadership, Organizational Performance, Talent, Workplace culture/by Edith Onderick-Harvey

Over the years, one of our most popular workshops is Accelerated Hiring.  That’s because hiring great people is one of the toughest and most impactful of leadership responsibilities.  A lot of hiring mistakes are self-inflicted.  Some are a function of the organization’s approach (or lack thereof).  As we come out of the Covid pandemic in the coming months, hiring will take off, and the competition for top talent will seem like a contact sport.

I love this article by Lou Adler about the 10 Things Managers Intentionally Do to Avoid Hiring Great People.  We address almost all of these in Accelerated Hiring.  See if any of these 10 things resonate with you:

  1. Filter candidates on skills and experience
  2. Target the wrong talent pool with the wrong message
  3. Using compensation to save time but prevent the best from being evaluated
  4. Looking for the person to fit the “perfect” job rather than modifying the job to fit the “perfect” person.
  5. Use of generic traits
  6. Believe gut feelings, first impressions and that the “halo effect” predicts performance
  7. Allow a hiring in your own image mentality to exist
  8. Use gladiator voting
  9. Accept a safe “no” vote with no proof that it’s justified
  10. Don’t make hiring managers responsible

Even the most experienced leaders can find it challenging when it comes to making such a critical talent decision.  Are you guilty of any of these?

https://nextbridgeconsulting.com/wp-content/uploads/Untitled-design-10.png 500 500 Edith Onderick-Harvey https://nextbridgeconsulting.com/wp-content/uploads/Logo-w_Align.Design.Lead_.png Edith Onderick-Harvey2021-03-04 22:02:162021-03-09 17:36:1810 Things that Keep You from Hiring Great People

Who Is On Your Personal Advisory Board?

November 13, 2018/in Career Development, Career Growth, Personal and Professional Goals, Strategy, Talent, Teams, Virtual Leadership, Vision/by Edith Onderick-Harvey

You’re standing at the precipice of a career-level decision. But all the options seem to have relatively equal merit – or equally poor merit. Perhaps the consequences seem a bit murky. What do you do? How do you choose? If you’ve developed an advisory board, you reach out to them for counsel. After you gain some perspective, you’re better prepared to make the decision and deal with the challenges that come with it.

Everyone should have one. Few of us do.

A personal advisory board is similar to an advisory board that many organizations make use of. Except that it’s for individuals. It’s typically not formal. And most boards don’t meet as a group, though some leaders are capable of garnering that level of support. For most professionals, it’s simply your own set of advisors that you can tap into. Sometimes, it’s for basic conversations; sometimes for helping you “sound out” ideas. Other times, for pointed advice.

A good advisory board is more than just a random group of networking colleagues. To be sure, it leverages your networking skills to “assemble” the board, but it’s more intentional in its construction and purposeful in its usage. It certainly serves as part of your broader networking efforts, but is designed from the start to be more strategic and deeply advisory in nature.

7 Guidelines for Building Your Advisory Board

When seeking out and choosing board members, most people are not going to ask “want to be on my advisory board?” The board is more of a virtual construct, though it serves a very real purpose. In any case, you should try to cultivate a trusting relationship and be up front with them . “I value your perspective and would like to be able to chat with you from time to time. Get your advice on occasion.” Some of this might happen in the normal course of your day, if it’s someone you work with or are formally mentored by. Here are some guidelines for building your personal advisory board:

  • Be Intentional – Your board is assembled based on your career aspirations and specific professional goals. What types of knowledge, experience, and skills would be most helpful to you? Which roles, businesses, and industry exposure do you need? Create a list or a spreadsheet. From there, you identify the people you would like to “recruit” for your board.
  • Think 360 Degrees – Seek out a varied set of people… those in leadership levels above AND below yours. Choose peers and employees. Leverage both clients and service providers. A well-rounded board is critical to helping you develop an agile approach to your thinking and decision-making.
  • Diversify – One of the biggest mistakes leaders can make on the job is surrounding themselves with those who think, decide, and act just as they would. It creates group-think and limits the depth and breadth of your team’s capabilities. Know your blind spots and aggressively address them. The same applies to your board. Choose from across gender, ethnic and generational boundaries, among others. The more diverse your board, the richer your perspective.
  • Evolve it– as your career and development needs change over time, so too should your board. You will have different challenges as an executive than you did as a supervisor. When you change roles or industries, the mix of your board should change as well. Also, no matter how carefully you choose your board members, some of them won’t work out. Perhaps their advice turns out to be ineffective. Or maybe they’re never available to you. Re-evaluate both the overall composition and individual members of your board at least annually.
  • Selective but Multi-level – you have only so much time to devote to your own development, so you have to make choices. There’s no magic number, but 5-10 people seems about right. You should network more broadly but create at least two levels of your board. The 80/20 rule can apply here. You spend 80% of your time with 20% of your primary network. The rest is spent finding and cultivating relationships that will be important to you down the road.
  • Pick straight-shooters – the worst advice is often the advice you don’t receive. You can’t afford to get sugar-coated or partial thoughts and ideas from people. Choose people who you know to be straight-forward communicators. And make your desire for frankness known. Finally, look for people who have the emotional intelligence to deliver such talk in a way you can hear and use.
  • Practice Reciprocity – so far this all sounds a bit self-serving. It shouldn’t be. The only way this works in the long run is if you approach this from a win-win perspective. What do I have to offer? Do your members sometimes need advice, an introduction to someone, or help on a quick project? Return the favor. Even if one of your board members is a mentor well above your pay grade, ask sincerely and confidently how you can help them.

How you leverage your board will depend greatly on a number of factors, including your comfort level and the type and quality of the members you recruit. Some people will stick to occasional conversations where they will try to absorb information and ideas. Others will ask for formal mentoring.

A growing number of people have formal, scheduled developmental or problem-solving conversations every month, sometimes in small groups. Each person comes with one or two challenges they need to figure out, and they spend time bouncing ideas off each other. There’s no exact formula, but the more specific you are about your needs and your understanding of others’ needs, generally the more productive the relationship.

We’ve all read the advice that we should manage our careers like we do our jobs. We should also take a page from forward-thinking organizations that leverage advisory boards. These boards become a strategic partner, helping the company with insights and advice critical to their success. By taking an intentional, disciplined approach to development and decision-making ability, leaders at all levels can reap the same rewards.

https://nextbridgeconsulting.com/wp-content/uploads/0-2.png 250 533 Edith Onderick-Harvey https://nextbridgeconsulting.com/wp-content/uploads/Logo-w_Align.Design.Lead_.png Edith Onderick-Harvey2018-11-13 01:30:082024-10-30 18:10:34Who Is On Your Personal Advisory Board?

Worried about retention? Some news about millennials

June 29, 2016/in Organizational Performance, Talent, Talent Management, Uncategorized/by nextbridgeconsulting
Millennials and careers

 A recent article from Reuters provided some insights into why millennials quit their jobs and just how many of them plan on doing so in the next 2-4 years. First, the numbers:

  • Sixty percent of millennials, those people who are 22-32, have changed jobs 1-4 times in the past 5 years, according to State Street Global Advisors. Could be some of the younger millennials in the survey population were moving from part-time or ‘I needed a job’ jobs, but that numbers should give you pause.
  • If given the choice, 44% would leave their job in the next two years and 66% expect to change their employers in the next 4 years. Not would if they could. They expect to change.

Why? As we’ve all heard, millennials want work that aligns with their values. Old news.  What was interesting is how important it is even to those who are what they call ‘senior millennials’ — those with high-level job titles. Sixty-one percent of them say they’ve chosen not to undertake a task at work because it conflicts with their values. So much for work is not personal.

However, this article points out that isn’t the whole story. Turns out money does matter. A woman quoted in the article only chose to change to a career she thought she would like better when she figured out it was lucrative in the market where she lives. It also notes how often millennials are developing additional revenue streams outside of their jobs. Sounds pretty entrepreneurial to me.

What can you do to keep your millennials around.  Most likely, they will leave you at some point but you can probably extend that timeframe by focusing on three things:
  • Know what your millennials, as individuals, value and integrate that into their work.
  • Give them the opportunity to generate business ideas and be entrepreneurial. Their doing it on the side.  Why not as part of their regular job?
  • Don’t think that all of this takes the place of money.  They want financial rewards for their effort.  What may be different from others is that the rewards need to be aligned with their values, how they are making a difference and the ability to be entrepreneurial at work.
Cheers!
Edith
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The Leadership Multiplier Effect

June 1, 2016/in Leadership, Leadership Performance, Organizational Performance, Performance Management, Talent, Uncategorized/by nextbridgeconsulting

A third of all CEO’s surveyed by The Conference Board say the most pressing issue they have is attracting, developing and retaining the right talent. Two of the biggest factors in engagement and retention are trust in senior leadership and the relationship people have with their managers. With 75% of employees in a recent Gallup Organization survey reporting that they are unengaged or actively disengaged at work, leadership is not successfully addressing this issue.

Leadership excellence has a multiplier effect on organizations. Investing in developing leaders, increasing the leadership multiplier effect, is a short-term and long-term strategy that allows your organization to adapt and thrive in various economic circumstances by attracting, retaining and engaging your human capital.

What is the Leadership Multiplier Effect?

Resources spent on leadership development have a cascading effect throughout the organization. The effective leader creates exponential value for the organization through his or her influence on the strategy, people and processes in the organization. One leader’s effective decisions and actions has a ripple effect that can impact dozens or hundreds of employees, positively changing business performance for the entire department or business unit. Likewise, the impact of poor leadership decisions and actions can lead to the decreased ability to attract, develop and retain the right talent.

In addition, effective senior leaders model behaviors and skills for other leaders in the organization. They set the tone for the leadership practices that define the organization and its culture. They demonstrate the business skills that address business issues and create innovation. They define and operationalize high performance through their interactions with each other and the entire organization.

As others mature in their leadership roles, their effectiveness is increased for having been effectively developed and for the role-models presented by senior leadership. A cascade is created. With more effective leadership focused on the right things at all levels in the organization, factors impacting business performance improve. Groups led by effective leaders are more engaged resulting in higher productivity rates, increased willingness to give extra effort, and greater acceptance of change. In other words, effective leadership creates an environment that attracts and retains high quality talent.

Ensuring the effectiveness of your leaders is critical whether your business is expanding or contracting. When your business is expanding, bringing on new people, introducing new products, serving new customers, leaders need to integrate and assimilate the growth. They need to plan strategically for growth, effectively develop their teams, establish business practices and maintain the engagement people feel in those initial few months on the job.

When business is contracting, leaders need to manage the change brought on by staff reductions, reduced revenue streams and increased cost constraints. They need to maintain the remaining staff’s focus and morale. Need to maintain customer service levels, identify how to do more with less.

Optimizing the Leadership Multiplier Effect

For the leadership multiplier effect have its maximum impact, leaders must be developed effectively. Effective development includes:

1.  Identifying the core of effective leadership. What makes leaders effective? One way to start thinking about leadership effectiveness is to identify what results you want the leader to achieve and use this to identify behaviors that are effective in achieving those results.

2.   Communicating what is expected of a leader. This communication is not always in words. It’s important to understand that how you select, how you assign resources, what people are held accountable for and how you recognize and reward say a great deal about your expectations of leaders.

3.   Assessing your leaders against your model of effectiveness. If some are less effective than you need, identify a strategy for addressing it. It may be development, assignment changes, or an exit strategy. No matter what strategy seems most appropriate, it should start with a frank conversation with the leader.

4.   Identifying potential leaders within your organization and outside your organization. Do you have the bench strength you need? Also remember that leaders aren’t just those with formal titles but also those in roles that are pivotal to business success.

5.   Developing leadership effectively. Formal learning experiences, business-driven assignments and projects, coaching, mentoring and other leadership development experiences need to align with the business strategy and the expectations you’ve communicated about leadership within your organization. Utilize a suite of development activities that build leaders throughout their careers. Developing leaders is process not an event. You must take a planned approach to leadership development, not one that only addresses obvious flash points that may be ignoring underlying causes.

By taking advantage of the Leadership Multiplier Effect, you will optimize talent and create competitive advantage.

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Getting Real is Now an E-book

May 25, 2016/in Leadership, Organizational Performance, Talent, Uncategorized, Workplace culture/by nextbridgeconsulting

Getting Real Front Cover

It finally happened…Getting Real is available as an e-book.  

Get one for yourself. Share this with a friend or colleague. Don’t miss what Marshall Goldsmith calls “instrumental in taking your personal leadership strategy to new heights.”
Available on Amazon.
Click here to order
Cheers!
Edith

About Edith Onderick-Harvey

Edith Onderick-Harvey is a highly regarded consultant, leadership and talent expert, and speaker. She is the author of the Amazon bests seller Getting Real:  Strategies for Leadership in Today’s Innovation-Hungry, Multi-Tasking, Time-Strapped World of Work. Edith is frequently quoted in the media including The New York Times, CNN.com, HR Executive, and American Executive.  As the President of Factor In Talent,  Edith works with leaders to take performance — their own, their team’s and their organization’s — to the next level.

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What’s Your Talent Investment Plan?

May 18, 2016/in Career Growth, Talent, Uncategorized/by nextbridgeconsulting

Knowledge Investment

“Knowledge and skills have become the global currency of 21st-century economies, but there is no central bank that prints this currency. Everyone has to decide on their own how much they will print.”

–Andreas Schleicher, Organization for Economic Cooperation and Development

Schleicher’s quote is from Pass the Books. Hold the Oil by Tom Friedman in the March 10 New York Times. The piece talks about how performance on Program for International Student Assessment, or PISA, exam is correlated with how few natural resources a country has. The fewer the natural resources the better the performance on the exam. As another contributor to the article, K.R. Sridhar, founder of a fuel cell energy company in Silicon Valley says, “When you don’t have resources, you become resourceful.”

Those countries with the least natural resources have learned that in order to compete over the long term on a world stage they need to invest in educating their student populations.

Over the past few years, most businesses would say they’ve learned a difficult lesson of what it is like to live in a resource constrained environment. And the ones that will achieve continued success are those who have continued to invest in developing the skills and capabilities that will bring the biggest return on investment for their business. There’s no one perfect solution for every business. It needs to work in your business and in your business environment.

In the 21st century, competitive advantage comes from the strength of the people you have. As Schleicher argues “the only sustainable way is to grow our way out (of the recession) by giving more people the knowledge and skills to compete, collaborate and connect in a way that drives our countries forward,”

What is your talent investment plan?

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