Entrepreneur Magazine has published an interview with Jessica Parisi, President & CEO of BTS USA, on what effective leadership development looks like. The interview, by Brian Hughes, is excerpted below.
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Fourteen billion dollars. That's how much U.S. companies spend annually on leadership development, according to McKinsey & Co. Despite these significant investments, 30 percent of U.S. companies report a lack of "enough leaders with the right capabilities" to capitalize on business opportunities, McKinsey said.
And it's not just the corporate world that is struggling with leadership development: Whether you're an entrepreneur building your first team or a small business owner, you need to understand good leadership. So, why do leadership-development programs fall short; and what, if anything, can businesses do to develop the effective leaders they need?
I sat down with Jessica Parisi, CEO of the consulting firm BTS USA, to discuss effective leadership development. BTS advertises itself as a global professional services firm supporting businesses with strategy execution, leadership development and sales transformation.