Cultural Dimensions of Leadership
February 12, 2025
What is Leadership by Optics and Perception Management and the Leaders excelling at it? In times when media is so predominant and overweening as far as setting the agenda for leaders and for almost everyone are concerned, it is very tempting, indeed irresistible for leaders to forego the temptation to manage the headlines on a […]
All insurance companies face foreign exchange risks to some extent. However, all insurance companies are not equally concerned about foreign risks. This is because, for most insurance companies, the risks as well as the premiums are collected in the same currency. Generally, the business of an insurance company tends to be managed locally. However, this […]
Return on Investment is a popular analytical tool which is used to measure the benefits relative to the cost. There is an ongoing debate in the business world on which is better – co-located or virtual teams. Though there is no black and white answer to this question. But the key lies in carefully assessing […]
Teams are formed when individuals with a similar interest, taste, need and even attitude work together to achieve a common goal. Conflicts must be avoided among the team members so that they are able to concentrate on their work and do not lose their focus and concentration. Every individual is not a good team player […]
Crisis refers to sudden unplanned events which cause major disturbances in the organization and trigger a feeling of fear and threat amongst the employees. Following are the types of crisis: Natural Crisis Disturbances in the environment and nature lead to natural crisis. Such events are generally beyond the control of human beings. Tornadoes, Earthquakes, Hurricanes, […]
Preparing a leadership development plan is not an easy task. The entire process involves a comprehensive effort and careful planning at every stage.
Various steps go into the development of a leadership development plan. The process starts with an initial phase of self-assessment and the data collected from self-assessments is then used for defining the vision and goals.
The next stage is the stage of the definition of SMART objectives which contribute towards the enablement of the objectives and identification of the competencies which help in the realization of these objectives.
Steps which are required to be taken after writing a leadership development plan:
The stage of implementation of a leadership plan involves the following key aspects:
For keeping the motivation levels high, apart from regular monitoring, rewarding achievements is also crucial as a leader progresses through various stages of the development plan.
Employee retention and motivation can be achieved by engaging the employees in career development programs which can also be combined with mentoring support and facilitation.
Mentors offer a structured and a transparent feedback to the mentees on their progress at work, their areas of improvement and also suggest a remedial plan of action for developing their leadership talent.
Critical operations from the stage of onboarding of an employee, implementation of employee engagement and retention initiatives, to mentoring & coaching for performance enhancement, strategizing succession planning to fill up important leadership positions, can be efficiently managed by using technology.
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