Leadership Development Has Failed. But There’s a Better Model
Shift power from the individual to the team. Shared leadership is a situationally-intelligent process where leadership and followership flow from one to the other.
We are swamped by leadership advice from countless gurus. In the U.S., we give the leadership development industry more than $24 billion annually. It is the No. 1 category in corporate learning and development spending.
What do we get for all this time and money spent on studying leadership? If the purpose of leadership is to effectuate positive change, the answer is “not much.” According to Deloitte, the return on assets for the U.S. economy has steadily declined since 1965. These days, the mighty stumble daily. In 1958, a company could expect to stay on the S&P 500 list for 61 years. Now the average is just 18 years. Domestic productivity growth averaged only 0.34 percent per year between 2011 and 2015, down 82 percent from the growth experienced between 1990 and 2010.
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