Identifying, Assessing, and Selecting NextGen Leaders
Introduction
Today’s dramatically changing work environment demands that organizations need to continuously ensure that there is a robust leadership pipeline ready to be deployed now and in the future. Identifying, assessing, selecting, and developing the next-generation or potential future leaders are, therefore, critical strategic objectives for ensuring a sustainable, competitive organization.
The business case for doing so is clear as supported by extensive research. In the first 18 months of ascending to leadership positions, 30 to 70 percent of leaders fail (Hogan 2011). These failures cost organizations substantial time and resources, with estimates ranging from $750,000 to ...
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