Of course the next question is…….What is the right stuff? Each company has its own standards for right stuff. In the talent development profession we refer to the right stuff as competencies. From the development of core competencies the leadership development process can become messy, costly and ineffective. Having the right stuff is even more critical now that baby boomer leaders are retiring at the rate of one every four seconds! This means it is critical to identify the right stuff in the high potential next gens: millennials.Here is a simple test for determining the “right stuff”. Start with yourself and ask the following questions. If you can’t apply this simple test to yourself, chances are great that your organization’s leadership development initiative needs revised for 2017.
- Where are you looking to anticipate the next change in your career, business, the market you compete in, or in your life? The answer is on your calendar! Who are you spending time with, on what topics? What are you reading and where are you traveling? How are you distilling all of this information to make sense of it and chart a new course for the future? And then making a decision right now so that you are prepared and ready for the changes ahead.
Leaders with the right stuff are always learning and shaping their future, not just reacting to what is going on around them.
- What is the diversity measure of your personal and professional network? What is your capacity to develop relationships with people who are very different than you? Biological, physical, functional, cultural, economic. If your network is very diverse and made of people who trust you and value their relationship with you, you have validated the importance of leveraging diversity in your life and your organization’s workforce.
Leaders with the right stuff understand that having a more diverse network is a source of solutions because you have people that are thinking differently than you are. Different points of view will enrich your leadership experience and competency.
- Are you courageous enough to abandon a practice that has made you successful in the past? Some leaders go along to get along. Chances are, if you believe in this philosophy, you are going to keep on doing what you are most comfortable with.
Leaders with the right stuff dare to be different. They just don’t talk about risk taking, they actually take risks.
Development opportunities come when you have the emotional intelligence to withstand people telling you your new idea is naive or just plain stupid. Or when your trusted team tells you truthfully, lovingly and honestly……” you know what, Mr. or Miss Leader, you are messing up big time. It takes great courage to take the feedback, change what is most comfortable to you and move forward in a totally different direction.
Depending on how you answered the above questions, 2017 could be the year for leadership development rejuvenation that starts you and your organization on the path to filling your leadership pipeline with the right stuff.
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Midge Streeter, Director, Talent Management and Culture-Sequent
Midge has more than 15 years of corporate, entrepreneurial and career coaching experience. In her role at Sequent, Midge focuses on mid-market companies, offering thought leadership and consulting services in the areas of Change Management, Leadership Development, Executive Coaching, Performance Management, Staff Development, Succession Planning, Compensation Analysis and Employee Engagement.