A recent Accenture survey found that only eight percent of executives felt their company was effective in developing leaders, and, in a survey by the Institute for Corporate Productivity, two-thirds of companies reported that they were ineffective at developing leaders.
It’s easy to see why some believe the leadership industry has failed us, but what’s causing this failure and what can be done about it? Harvard’s Barbara Kellerman suggests that the historic inability of organizations to harness leadership metrics and measures, leads to the disappointing outcomes found in leadership development. A company’s ability to precisely connect development to outcomes is critical to extracting return on investment from leadership training.
With the advent of machine learning, big data, and natural language processing, businesses can — and must — harness big data analytics to assess leader performance. Here are some ways that businesses and their leadership development practices will adapt to incorporate analytics.