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Organizational Development - Vol. V, Part II

Organizational Development - Vol. V, Part II

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team needs to build a compelling case and consistent themes across its development<br />

strategy.<br />

Build support across key sponsors - Executive development professionals need to have a<br />

deep set of contacts both inside of the organization and across many functions and<br />

outside with thought leaders and experts. Many organizations have found that Advisory<br />

Boards, which seek to create a formal process of soliciting the input from stakeholders as<br />

highly effective. Relationships with internal executives, who are increasingly used as<br />

―faculty‖ to delivery development, are important to nurture. A strong professional<br />

network is the ―currency‖ of the development professional.<br />

Ground development in business challenges – When in doubt, development that is rooted<br />

in solving current and significant business challenges will always prevail over<br />

development that is designed to round out a leader or a group of professionals.<br />

Shorten the timeline – Especially in light of budget cutbacks that are all too common in<br />

organizations today, it is important that development is focused on solving current<br />

operating cycle issues and challenges. <strong>Development</strong> plans that span many quarters risk<br />

never being fully implemented.<br />

Market successes – Successful development professionals, like any other professionals in<br />

the organization, are quite good at highlighting their impact for the organization and<br />

making sure to create "buzz" for their work and activities. Whether through formal ROI<br />

studies or informal anecdotal reviews that are circulated to strategic individuals, it is key<br />

to promote success.<br />

Executive <strong>Development</strong> 2.0<br />

Below are key factors that are impacting the field of executive development:<br />

<br />

<br />

<br />

<br />

Time frame – The speed with which organizations need to revise strategies, launch new<br />

products and services, expand their global footprint, etc. continues to accelerate; more<br />

rapid means of enabling the organization and its leaders to make these changes are<br />

required from the development function.<br />

Share of mind – Executives are incredibly taxed with an increasing set of responsibilities;<br />

mid-level management has been reduced and the number of stakeholders (community,<br />

environment, government, etc.) has increased, all putting incredible pressure on leaders.<br />

<strong>Development</strong> that is not of immediate value risks elimination.<br />

Budget – The current economic situation has put great pressure on all expenses across the<br />

organization, executive development is no exception. Centralized development budgets<br />

are all targets, while certain activities such as executive coaching that may be paid out of<br />

a business unit budget may be more insulated from cutbacks.<br />

"Bottom line" HR – As many organizations have become more results oriented and<br />

quantitative for all support functions, there is increased pressure for HR and all of its<br />

components to "raise its game" and prove in business terms its impact.<br />

These factors are creating a new operating context for executive development professionals. In<br />

response to this new environment, The Institute of Executive <strong>Development</strong> has articulated a<br />

vision of what Executive <strong>Development</strong> 2.0 will look like:<br />

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