Leadership Learning: The Real Costs Of Not Doing Leadership Training
A report from the Said Business School at Oxford University in the UK found that British businesses and public sector organizations are wasting almost $140 million on executive education programs that are poorly conceived and delivered.
The study went on to say that 35 per cent of HR directors and 21 per cent of other executives believed that their current training and development programs were meeting corporate strategic objectives. The bulk of the money was being spent on individually developed courses for senior executives.
If those businesses want to quit wasting all that money on bad management training, I know where they can get their moneys worth. And it doesn’t have anything to do with having more academics design special courses, events, and outings for senior staff.
Here’s a novel idea folks. Why not spend your money on leadership training and development down in the trenches, where it will really do some good?
Most companies don’t do nearly enough of that. In 2003, just 7 percent of training budgets in the US were spent on first line leaders and...
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