Brian Walch argues that investing in manager development delivers four to five times the money spent, with potential returns up to ten-fold. The risk of losing that investment is minimal, making it a guaranteed high-return move that should be a core mission for any organization.
Chapters
My one message that I always say is invest in your managers. I mean, that's kind of my mission. When people talk to me, organizations talk to me. A lot of times they're price sensitive about investing in their managers and their people. And I think if you invest a dollar, the chances you won't at least get your money back are so slim it doesn't even make sense. Like, typically the returns are four to five times what you invest. And you know, when I'm talking to organizations, it's like we're looking for a 10x return on the investment they make, and it's possible. So thinking about how to develop people, just start with investing or managers and empower them and let them direct some of the direction.