Why Leadership Management Is Important

In every company there are different employees with different designations and different responsibilities. And in some industries, whenever a company starts a new project, the responsibilities of employees change. To perform these responsibilities the employees may already have the required skills or they may not have these skills. That is why whenever a new project starts employees involved in the project are given special training in which they learn the skills which they will need to perform their future duties. These training sessions are given to the employees by keeping the long term goals of the company in mind and the soft skills which the employees will need in the future to perform the responsibilities which are allotted to them because of the new project. All these courses are part of the leadership management process of the company which is to ensure that the company achieves the set goals and targets.

Leadership management process of a company does not only ensure that the set targets are achieved in a better way but it also ensures that the future leaders of the company come from within the company. To develop those leaders, mentorship plays an important part and the employees of the company are mentored either through their seniors or through the leadership management program for the organisation. Such a program is designed in a way that the course contents are quite relevant to the business which the company runs. The courses should not be boring but instead be quite enjoying and the participants are made to learn different soft skills through interesting activities. Moreover, they should be for the personal development of the participants. The participants themselves come to know about their weaknesses and strengths and they also learn how they can overcome their weaknesses and take maximum advantage of their strengths.

Companies put in place leadership management processes not just to create leaders for the company’s future but also to facilitate efficiency improvement and cost optimisation. When it comes to business, organisations management wants to measure the return on investment in terms of revenue on a monthly basis but here in this case the return on the investment can be measured after 6 months or a year by comparing the output or performance of an employee before and after attending the program. There is always a visible improvement in the performance of employees. A cost and benefit analysis could be made by comparing the increased profit gained by the company due to better employee performance with the amount of money invested on the program. Company should be able to ascertain that the increase in profit is much more than the money which was invested on the program. Research has shown that such programs not only give extra soft skills to the employees but they are also cost effective for the company and the return on investment is much higher than the money invested. That is why market leaders and cost leaders encourage their employees to attend such programs.

In addition, changes are made to the course contents of the programs with the change in the nature of the business or in the trends of the new skills required within the industry the business operates in and/or with the commencement of new project. All these are to ensure that all the employees have the right skills set and are mentored properly. Companies that put leadership management processes in place are never short of good leaders and rarely recruit outside the organisation for top management positions. Hence reducing the recruitment cost as well.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.