We have regularly discussed the importance of leadership within any business during the ongoing COVID-19 crisis, and how it can prove to be the difference between success and failure on an organisational scale.
Now that the pandemic has been ongoing for several months, and the majority of businesses; from SMEs to established multinational corporations (that can remain open) have put crisis management plans in place, we are beginning to see both productivity and outputs rise.
While many businesses will have weathered the storm for now, it is crucial to remember the importance of leadership development while employees are continuing to work from home, communicate with clients and colleagues virtually and ultimately still adjusting to their new normal.
Why is leadership development important?
Leaders are responsible for ensuring continuity and maintaining integrity within a business, as well as being expected to manage others and meet specific KPIs and goals. Even without a global emergency, their role within the company is paramount.
Interestingly, despite the level of importance placed on leadership by modern standards, it has been reported that 71% of companies do not feel their leaders are able to lead their organisation into the future.
With this in mind, failing to invest in leadership development on a continual basis can lead to disengaged and unmotivated employees, as well as a lack of progression long term.
How businesses can prioritise leadership development now
Leadership development in the workplace does not have to disrupt operations that are currently ongoing. In fact, it is possible to practice it in real-time.
From maintaining strong communication networks by providing guidance and regular updates for employees to managing expectations in line with updated targets, the best leaders will inherently be able to develop their skills on the job.
In addition, it is crucial to consider the positive impact on the entire hierarchy of employees that effective leadership can have.
Many businesses operate a model where leaders of the future are being continually taught how to express the skills and attitudes they will need to succeed.
In times of crisis, the performance of leaders will undoubtedly be reviewed, and, if they manage to overcome significant challenges, they will act as role models for the next generation.
MDA Training’s approach to leadership training during COVID-19
At MDA Training, we have adapted our experiential learning solutions to be able to deliver fully virtual leadership development programmes that are aligned with specific cultures, values and standards.
We believe that leaders perform best when they are confronted with the attitudes and behaviours they need to drive financial and operational success.
We also believe that divulging leadership ‘edges’ (areas outside of one’s comfort zone) and sharing ways in which to manage them will help to drive positive change.
Delivered using WebEx or Zoom, our programmes can be tailored to suit varying needs, and are typically relevant for businesses in banking, asset management, insurance, professional services and manufacturing.