Leadership shortage cuts to soul of business
June 3rd, 2010I spent a couple of days last week pedaling my services at a business expo here in Vermont. I wasn’t the only one offering leadership development and coaching. So as good marketing would have you do, I gathered the data on ROI and bottom line impact of my services.
Unfortunately it wasn’t until this week that I read about the “leadership shortage,” as reported by bloggers Sue Ashford and Scott DeRue on the Harvard Business Review site, blogs.hbr.org.
Here are the facts, according to them: 60 percent of companies are facing a leadership talent shortage and another 31 percent expect the shortfall to interfere with performance.
This would lead one to believe leadership development is in high demand, right? Our bloggers tell us an estimated $12 billion was spent last year on said development, which amounted to just under a quarter of the budget allotted for all training and development.
(So I’m sitting here scratching my head, thinking this lack of response is a shortage of leadership in and of itself.)
Ashford and DeRue go on to propose what’s needed to grow new talent. I share some of their views, as do others. Our bloggers speak mostly to cultural values that will allow for the growth of leaders. Keeping the approach simple, they advocate for learning from real life, going beyond skills and knowledge to establish leadership principles, rewarding for growing leaders, and realizing leaders are needed at all levels.
There’s nothing new here, and yet somehow the validity of these notions have not elevated them to a level of common beliefs and practices in business. (Again, I’m puzzling over the current ‘leadership.’)
Leadership comes from within, and thus development rather than training is appropriate. More than general principles, a leader needs to be clear about their personal values. Or in the words of Simon Sinek, author of Start With Why, it’s about knowing what you stand for, as an individual. That’s what attracts followers, whether loyal customers or employees, he adds.
According to Peter NG Kok Sung, chief investment officer for the government of Singapore and speaker on “The Contemplative Executive,” the first challenge in achieving this clarity is that of stepping back from the “busyness of business.” An advocate of John Main’s teaching on meditation, Kok Sung quotes Main on the high pressure world of today’s executive: “It’s as though we were rushing through our lives, and in our hearts there is the flame of a candle. Because we are moving at such high speed, this essential interior flame is always on the point of going out.”
Main says a leader must stop being a “busy body,” become quiet, to get in touch with what Jack Welch, former General Electric CEO, called the over-arching quality of a leader, that of authenticity or one’s humanity. Welch further explained it is who we are in our soul.
If today’s executives don’t get it, and aren’t slowing down enough to respond to the shortage they themselves have identified, how will they allow for the development of new leaders? How will they go beyond surface training to a deeper level, one that develops individuals into the leader within, to stand strong in who they are at their core?
Perhaps it would be helpful to contemplate the words of a recognized and successful leader as written in his dying days. Kok Sung relates what he read in Chasing Daylight, a book by the former CEO of KPMG, Eugene Kelly. In his last 100 days, as brain cancer closed in on him, he shares what he learned about clarity and simplicity:
“I had long believed that a successful business person could, if so inclined, live a spiritual life. And to do so it wasn’t necessary to quit the boardroom, chuck it all, and live in an ashram, as if only a physical departure that dramatic would confirm a depth of feeling about larger issues, including one’s soul.
After the diagnosis of my illness, I still believed that. But I also discovered depths to which a business person rarely goes. I learned how worthwhile it was to visit there, sooner rather than later, because it may bring one greater success as a business person and as a human being. You can call what I went through a spiritual journey, a journey of the soul. A journey that allowed me to experience what was there all along but had been hidden, thanks to the distractions of the world.”
Leadership and its development should not be allowed to be lost in the hustle and bustle of the routines of daily business. New leaders, not a crisis, should be the making of the current leadership.
Anita Ancel is President of Ancelary Group, a Vermont firm that helps executives and their teams develop attitudes and habits for ongoing success.