Developing leadership capabilities in your employees is crucial. This does not mean sending people to a weekend seminar.
Being "stretched and challenged" on the job may be the most impactful way to develop leadership skills. And it has zero impact on your budget.
The Inc. article below "Facebook's Secret to Developing Great Leaders: Let People Do Their Jobs" outlines three ways to scaling your leaders:
- Leverage Moments of Truth and
- Build Decision-Making Capabilities
If you want to scale your business, then you also have to scale your team. Take, for example, Uber. The departure of Travis Kalanick left a vacuum at the top of Uber because the company had not scaled its leaders the same way that it scaled its business. It's now being reported that Facebook COO Sheryl Sandberg is being courted by Uber and Arianna Huffington to replace him as CEO. Uber would be lucky to have her. When I ask the leaders I work with to describe their most impactful development experience, they consistently refer to times when they have been stretched and challenged on the job. The great news is that as challenging experiences abound when you are growing a business, they can be a terrific asset to accelerate leaders developing the capabilities.