Treating Your Leadership Pipeline As A Strategic Asset
Companies assess their executives about once a year. Most make far less use of this objective, independent data about their leaders than they could. Some, however, are using it to build a competitive edge.
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Gaining wide and long-lasting benefits from including assessments in hiring
It all starts, of course, with the most familiar use case: attracting the right person for each role. Several years ago, a leader we’ll call Steve was a finalist candidate in a CEO search for a large logistics company. He was clearly brilliant. He had unusually high business analytic skills, an incredible drive for results, and an impressively well-balanced appetite for risk, and he was particularly strong in his ability to disrupt and lead innovation consistently and productively. But his social intelligence was underdeveloped. It wasn’t that he had a particularly large ego; indeed, he demonstrated self-awareness and empathy. He had simply never applied his mind to how best to approach working with and through others by influence and how to develop his stakeholder map strategically. He managed his team well but was less good at building constructive, productive relationships with his peers, his line manager, and other stakeholders.
The need to improve interpersonal intelligence is not uncommon in senior leaders. As people develop their careers, they focus on building expertise in their chosen line of work. If they have talent, they do well and get promoted. Eventually, if they are really good at what they do, they’ll be promoted to the executive level and even further. However, all too often we meet people who have been promoted to the most senior levels without understanding that the nature of their job has changed completely: it is no longer about doing the job themselves; it’s about enabling and facilitating others to do the job and, when necessary, clearing the roadblocks that might prevent them from succeeding. Those others will range from the direct team to peer executives, clients and suppliers, the CEO or the board, and external stakeholders. In other words, leadership is no longer only downward, but it is also outward and upward.