This article in Business Week reflects on the importance of a continued focus on leadership development, even in times of economic strain. “The best companies for developing leaders recognize the value of strong leadership in both the good times and the bad,” says John Larrere, who heads Hay Group’s leadership and talent practice in the U.S. “Culturally they just cannot do away with leadership development, even in a recession. They don’t see it as a perk but as a necessity.”
We face even tighter constraints in the public sector than do the private sector companies examined in the article. Yet leadership development remains critically important for our organizations, especially when so many people are being called on to cover the responsibilities of positions that are vacant. Managers have the opportunity to see the next generation of leaders in action, and must continue to invest in their development.