The corporate world is an environment almost always abuzz with life. There is so much activity everywhere that for a split-second you might confuse it all to be maddening chaos. With the race to accomplish quickly today, the realm is progressing at its most furious pace.
Given the amount of pressure to complete tasks at the minimum amount with the minimum resources, the corporate environment constantly seeks newer ways to drive productivity. The task that they face is to keep the motivation alive. The competition is tough – so they use competition to drive competition. How do organizations harness the rising aggression and swelling aspiration quotients? Well, they fast-track growth!
Over the past few years, entities have witnessed a strange yet captivating way of intensification with fast-tracking leadership. CareerBuilder India highlights a few points showing what creates organizational affinity towards this trend:
1. Blurry Future of Succession Planning: At a time when job-hopping is becoming the new normal, organizations do not see a solid future in succession planning. While the industry giants can still believe in succession planning and long-term employee relations, the smaller fish in the market have learned by experience that employees cannot be retained until they are given abundant opportunity to exploit their true potential. Fast-track growth and leadership believes in quick succession. Everyone gets to learn the work, lead and train.
2. The Focus on Leadership ROI: Every organization, whether it is an Technology giant or a small financial consultancy, wants to see the return on the leadership investments that it is making. It is often difficult to allocate business success amongst leadership initiatives and operational efficiency in a long-term leadership initiative. However, fast-track leadership keeps into account the amount of growth and development that took place with each change.
3. Shortage of Expert Talent: The irony of the current times is that while the need for a deeper and stronger pipeline of leadership is extremely high, there is severe shortage of talent at the expert level. Fast-tracking leadership helps fill this demand-supply gap quite efficiently. Owing to this phenomenon, companies have also started trusting and adhering to the trend of outsourcing leadership.
4. Winning Employee Loyalty: Taken purely from an employee perspective, fast-tracking is there to maintain whatever little loyalty is left in employer-employee relationships. It is there to check that both the employee and employer are taking care of each other and the organization. There is mutual initiative and responsibility. Where the employer is taken as the one responsible for the overall development of employees, the latter need to apply the learnt skills for organizational growth.
A typical fast-track leadership programme is likely to take you though the seven principles of leadership – integrity, responsibility, dependability, accountability, trust, commitment and communication. The core focus of each of the training activity that you go through in the training phase is to teach you how each management decision is aligned with a corresponding business strategy. This phenomenon highlights a crucial need, which is to explain the leadership force in development to align their intent