Leadership development expands the capacity of individuals to perform in leadership roles within organizations. Leadership development is thought to be key to business success. A study by the Center for Creative Leadership holds that 65 percent of companies with mature leadership development programs drove improved business results as compared to 6 percent of companies without such a program. Similarly, 86% of companies with leadership development programs responded rapidly to changing market conditions whereas only 52% of companies with immature programs were able to do so.
In the context of leadership development programs, Organizational Network Analysis (ONA) can enhance the identification of high potential employees (HiPOs) by considering social capital metrics when assessing potential candidates. The goal is to ensure that successful candidates are simultaneously 1) high performers identified by their immediate supervisors and HR vetting process, and 2) informal leaders identified by their peers.
Once the successful candidates have joined the leadership development program, ONA can help them raise awareness about their leadership style by visualizing and analyzing the way the interact with their peers. This exercise enhances the value provided by the leadership development program and help the future leaders of the organization get exposure to the integration of social capital metrics in strategic decision-making processes.
Case Study: Securitas Direct leverages Cognitive Talent Solutions' ONA platform to enhance the selection process in an internal leadership development program