The Top Priorities and Key Objectives for Executive Development in the Next Two to Three Years
The most influential conditions impacting executive development demonstrate that addressing key business issues and challenges is the top priority for the next two to three years.
However, accelerating the development of high potentials comes in as a strong second, appearing for the first time since 2009. The global economic climates in 2009 and 2018 both reflect significant change, which is likely the cause for the resurgence of this trend.
In the years between 2009 and 2018, the economy was recovering from the 2008 financial slump, and senior leaders who were still employed stayed in their roles. Turnover was low, and as a result, little importance was placed on succession planning. This meant that there was no need to focus on accelerating leaders’ development.
In 2018, a new shift occurred. The economy started moving and so did executives. Now on their way to retirement or willing to change companies, the time has come to focus on the up-and-comers. In fact, over 50% of the organizations surveyed feel that their bench strength is weaker than it was two years ago.