One of the most critical challenges any organization faces is the ability to attract, develop, and retain the caliber of talent that can lead them into the future. Recent studies from Catalyst, the US research organization and McKinsey & Company suggest a link between gender balance and performance. Taking very different approaches to the data, they both arrive at very similar conclusions: that having more women in leadership is correlated with stronger financial returns.
While many companies acknowledge this truth, they struggle with finding strategies to develop and retain senior level women within their organizations.
The key to conquering this challenge lies in a company’s ability to not just develop women leaders but to keep them from opting out of senior positions. What is needed to accomplish this is a two prong approach to leadership development — one that equips women with skills and competencies to lead at senior levels and one that focuses on developing the self-awareness, personal capacity and resilience necessary to flourish in these critical roles. Recent research by the Center for Creative Leadership highlights the limitations of leadership development models focused solely on behavioral competencies in the chaotic, constantly changing world that leaders must navigate today. They stress the importance of less visible, but highly critical factors such as leaders’ physiological, emotional and mental processes as having huge bearing on leadership efficacy.
Recognizing the importance of this comprehensive and holistic approach, the Leadership Journey is a unique offering that addresses the multidimensional needs of developing women leaders.