Leadership development plans are critical to business continuity in times of crises and in competitive markets. Such a plan has the potential to keep your most valuable employees engaged with the organization and dissuade them from seeking alternative job opportunities with competitors. What’s more, the stronger your leaders, the greater your organization’s potential to differentiate itself and remain viable in a constantly changing marketplace.
The pace of change before 2020 was challenging to keep up with, but the COVID-19 pandemic accelerated this change to a speed most couldn’t have fathomed. Most notably, it highlighted the need for leaders to manage more aggressive crises, navigate greater ambiguity, and ensure business continuity through digitization of its operations.