Are You A Leader Or A Laggard? A Conclusion

March 19, 2014 — Leave a comment

Over the past several weeks, I have communicated to you what I believe are some of the most challenging aspects of leadership today.  These are the facets of business, that because we do not do them well, we repeatedly see decreased motivation and loyalty, less than competent leaders and, ultimately, poor business results.  I began to think seriously about these challenges long ago – perhaps fifteen years ago!  For twenty years, I was a leader in global business and now, two decades later, I am still hearing of the exact same challenges from my clients as an Executive Coach, International Speaker and Author. Do you think we have a problem?

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 Over the past several weeks, I have communicated to you what I believe are some of the most challenging aspects of leadership today.  These are the facets of business, that because we do not do them well, we repeatedly see decreased motivation and loyalty, less than competent leaders and, ultimately, poor business results.  I began to think seriously about these challenges long ago – perhaps fifteen years ago!  For twenty years, I was a leader in global business and now, two decades later, I am still hearing of the exact same challenges from my clients as an Executive Coach, International Speaker and Author. Do you think we have a problem?

So what to do? I thought long and hard before I decided on what, I believe, is the best course of action. After much reflection and consideration as to the enormity of the task I was taking on, I decided it was critical that someone find a way to provide leaders worldwide with the tools and resources they need to succeed. After being in the marketplace and feeling the frustration of not being able to find the education and information I need for both myself and my teams around the world (and hearing clients echo the exact same sentiments decades later), not to mention the connections that could truly impact my perspective and career advancement, it became very clear to me that not a lot has changed in business over the past 26+ years and that someone really needed to do something to change the dismal statistics that represent global business today:

  • 70% of international joint ventures FAIL
  • 55% of global leaders FAIL
  • The cost to replace just one FAILED executive = $250,000 – $1,250,000 USD

These statistics demonstrate that we are not doing something right – we are failing our organizations and our people by simply doing nothing. The cost of not “doing things right” is astronomical, yet we blindly stumble down the same paths again and again. Do you remember the definition of insanity?… doing the same thing over and over again and expecting a different result. Sound about right for your company?

We, as leaders, are FAILING our workforce and getting exactly the returns we have earned!  Although you would think that it would be in everyone’s best interest to do things BETTER, FASTER, STRONGER, the reality is very different and hasn’t changed in over two decades!

The answer: We must provide our most strategic assets, our people, with the CONNECTION, EDUCATION & INFORMATION they need to be successful.

Although many companies have great Leadership Development professionals and offer some very well-rounded internal education programs, I have consistently found that they lack a comprehensive framework from which to provide the three most critical components of success:  CONNECTION, EDUCATION & INFORMATION.  Until these components are woven into the fabric of our organizations, nothing will change…

As a result, I developed The Global LABB as a comprehensive resource for both organizations and individuals.  Within The LABB (Leaders Across Boundaries & Borders), we built the framework that is consistently missing amongst organizations. We created a comprehensive platform that provides the best tools and resources for leaders that represent the three pillars of success: CONNECTION, EDUCATION & INFORMATION. We developed the framework that can turn those dismal statistics on their head and provide leaders with everything they need to succeed to today’s rapidly evolving corporate environment.

The current challenges and deficiencies in Leadership are evident. If we, as leaders, do not take the initiative to address the below areas in our organizations, we will never see substantial progress:

This list is by no means exhaustive… just a way to get the conversation started.  I think we can all agree that, as business leaders, our commitment to changing the way we equip our people for success is no longer an option, but a critical component to our own success.

Supporting and lobbying for the development of critical leadership competencies produces real business results – innovation and growth within the business, more effective work cultures, better service, efficient operations, improved sales, increased profits … just to name a few of the many impacts successful leadership development brings to the company and the economy. But how we, as leaders, look at and leverage those opportunities makes all the difference.

As global leaders, we have more challenges than most in rising to the top in complex business environments.  However, those of us who choose to overcome the roadblocks and help our companies to build diverse global leadership development programs, as well as continue to develop ourselves, will stand the best chance of maximizing returns on our leadership development investments and making a real difference. The Global LABB didn’t exist for many years and as a result leaders have not grown and developed to their greatest potential. The Global LABB was created just for you… as a way to provide CONNECTION, EDUCATION & INFORMATION that will alleviate many pain points for you and your organization.  I invite you now to take a tour of The Global LABB… then answer this question:

Are You A Leader Or A Laggard In Your Organization?

Please engage the discussion and let us know strategies you employ to help develop leaders instead of laggards in your organization. Feel free to contact me at Sheri.Mackey@LuminosityGlobal.com,  stop by our website at www.LuminosityGlobal.com or visit The Global LABB, The resource for leaders across boundaries & borders.

 

 

sherimackey

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Sheri is The Global Coach, founder of Luminosity Global Consulting Group, Global Executive Coach, Speaker, Writer and Global Business and Cultural Expert.

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