Walter V Murray CPA DBA PhDCEO, DIMES Strategic Leadership Community · Leadership Strategist & Trainer / Author & Speaker

Benefits of Leadership Training Summary

Name: Benefits of Leadership Training Summary
Uploaded: 2019-07-15T01:51:08+00:00
Duration: 2 min 29 s
Channel: Walter V Murray CPA DBA PhD
Description: The video argues that every organization, regardless of size or sector, should invest in leadership development because it directly improves financial…

15 Jul 2019 · 2 min

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2:29

The video argues that every organization, regardless of size or sector, should invest in leadership development because it directly improves financial performance. It claims that better‑trained leaders and managers lead to higher profits, citing studies that show an average productivity increase of 8.6% and ROI figures up to 30% for leadership training dollars. The speaker explains the multiplier effect: when a manager becomes more effective, the productivity of the entire team they oversee also rises. The content also stresses the importance of individual leaders taking personal responsibility for their own development, even if their organization does not provide formal programs. Personal investment in leadership training is presented as a way to build stronger teams, increase follower engagement, and enhance organizational agility in a rapidly changing environment.

Chapters

If you don't have a leadership development function in your business, right, then you are leaving money on the table. If you don't have a leadership development and training focus in your organization, whether you are an organization of 10 or 10,000, whether you are a for-profit or a nonprofit, if you don't have a focus on leadership training and development, you're not getting the best return on your investment in compensation paid to your leaders and managers. The bottom line is that better leaders and managers, or better trained leaders and managers, equal better bottom line profits.
30% plus, that's your ROI on leadership development dollars. Studies have shown that productivity increases on an average of 8.6% and in some cases as much as 30%. That's your return on investment. So if you train John Doe, who is a manager over 20 people, and John Doe becomes more productive as a manager of these 20 people, then the productivity of the 20 people that he manages also increases. But it's also very critical that you invest in yourself as a leader. Becoming a better leader increases your value. Here's some of the benefits of investing in yourself as a leader. Even if your organization does not provide leadership training for the organization, you should take the initiative and get some of those leadership training for yourself because it's an investment in yourself. It's an investment in you. Leadership training could help you build stronger teams and followers. It could also help you be more agile in an ever-changing environment. One thing about business