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What is Executive Development?
Home » Executive Coaching » Executive Development » What is Executive Development?The old saying is true: The one thing in life that never changes is change itself. And the best companies know that as this change occurs, current leaders will eventually need to be replaced. Executive Development – or succession planning – is the process by which those future leaders are carefully chosen and groomed. It is a responsibility that provides your business with a sound, secure future and enables you to have some say in the direction your organization is going.
Executive Development is a systematic process that involves identifying those individuals who show potential to assume more responsibility, as well as defining what they need to be doing both today and tomorrow.
Real-life exposure is key to this developmental process. As we all know, the reality of corporate life is daunting, and techniques such as job rotation, special assignments and action learning can help to better prepare your future leaders.
The route you take, however, is not etched in stone. As your organization changes and evolves, success factors will also change. Who you thought would step up to the plate may fail to while surprisingly new up-and-comers will come into view.
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