"Pay me now, or pay me a lot more later!"
That challenge is apropos to a company's leadership/management development program. Fail to develop your leaders/managers and you are planning to fail.
In this Great Disruption those companies that invest in the ongoing development of their leaders are -- and will -- continue to reap the benefits of being more efficient, keeping their best performers while dropping the lowest level performers and increasing the value of the company.
Increasing people's Leadership/management skills is not an expense for your business -- it is an investment in the same category as improving your IT capabilities or replacing worn out equipment. Done well, it will prove to increase everyone's productive performance -- including yours.
It also increases a company's "Invisible Balance Sheet" -- one of the key factors in establishing the value of a business.
Leadership Development: Learning the what, why and how to inspire people to do their best. See Leadership Development Program.
ROE: Return on Expectations: -- you must make the time to figure out the what and the how your business can benefit. Do a Gap Analysis -- Here's what is. -- This is what we need. Identify what actions are required to get from -- here -- to there. Check out your expectations as the program unfolds. Make the necessary adjustments.
If you think a well-designed and delivered Leadership/Management development program seems to be expensive, you've fallen into the bean counter trap of "Knowing the price of everything and the value of nothing." It is an investment to make your business better and more profitable -- not something that you're going to spend money on.
Management Development: Helping people know how to put the right people and resources, in the right place, to do the right things, on time, most of the time.
Key: make sure that the right "stuff" is delivered, and that people know what they're getting involved in it so they are inspired to get the most out of the program. Remove people from the program who are fighting it.
You find out who they are by infusing one-on-one coaching into the program at the beginning, in the middle and after the program. The after program one-on-one's will increase the effectiveness of the program by 80-90%.
Business Principle: You have to spend money to make money, which is why investing in a well-designed, delivered Leadership/Management program will pay dividends. The company will make the money back -- and more -- in profits.
Investing in your business shows your stakeholders -- employees, customers, competitors, suppliers -- that you are serious about growing a sustainable business. Check Corporate Trainer in India.
Contemplating a leadership/Management development program? Think you can't afford it?
The real question is: Can you afford to NOT invest in developing your people? They are the source of your success.
P.S. Ask your key suppliers and customers to participate with your company in a Leadership/Management development program to leverage your relationship and the long-term impact of the program. You have an investment in the sustainability of your suppliers and customers.