Leadership Training Works Better When You Create Community First
/In this article in Forbes, Lynette Winter and Nir Megnazi talk about how they created a program, at a Fortune 50 company, where Leadership Training became less about teaching and more about community (first) and then coaching.
Here is an excerpt detailing the impact of the program:
With over 250 global leaders across 26 cohorts in a Fortune 50 company, the participants reported an average revenue or cost savings increase of $22.37 million per participant. Reduced attrition yielded a cost savings of $40 million over three years. Participants in the cohorts had a 2.7X promotion rate compared to their counterparts.
Notably, the participants' employees were surveyed and reported a much higher frequency of observed desired leadership behaviors. Consequently, overall employee engagement increased. These compelling business results showed that a leadership development program with community and coaching at the center positively impacts leader behaviors and the bottom line.
Here’s the fun and exciting part of this for us at CSz: we were a part of the front-end community-building in these cohorts. Improv for business is real and it can help deliver real results.
