Prioritizing leadership development and executive training can be a game-changer for a company. One study even found that it can lead to as much as a 25% increase in organizational outcomes.
For a company going through an expansion, this is particularly important. When a company expands there are often so many things happening at once that if one piece of the strategy isn’t reached, it can impact the entire plan.
Investing in your team through executive training can help keep everything moving smoothly. But if you’re still unsure if you should prioritize this, that’s ok.
In this post, we’ll go over what executive training is, and how it can help your company prepare for expansion.
Keep reading to learn more.
What Is Executive Training?
Executive training is focused on developing strong leaders within your company. This includes training current leadership members as well as employees looking to move into those jobs.
It helps them develop important leadership skills as well as more technical skills. The performance and management abilities of any company’s upper-level employees will be critical to the overall success of that company. So it’s essential that these people are well-trained.
Prepare Your Employees
As you create an expansion plan for your company, one of the things you’ll need to focus on is identifying issues and gaps in the training and skills of your employees. Particularly, those in leadership roles.
Once you know what areas need improvement you can arrange for the appropriate executive training to bridge those gaps. This will better prepare your team to handle issues as the business expands. Overall, this will give the expansion itself a better chance of success.
Maintain and Develop a Healthy Work Environment
Expansions can be hard on everyone within a company. They often mean not only extra work but extra emotional labor as well. Maintaining or developing a healthy, positive work environment becomes more important than ever.
Investing in your employees and their skills can make them feel appreciated and supported during the upheaval.
Extra, targeted training can also help to prepare your leadership for the new processes that an expansion may bring. This can help keep confusion to a minimum. Eliminating potential friction that can cause issues between employees.
Create a Succession Plan
Especially in times of change and upheaval, it’s important to have a succession plan in place. For businesses that promote from within, executive training is a great way to ensure you always have solid options when filling any vacancies that may arise.
Even with all of the best planning and training, the stress of an expansion can cause people to leave a company. When you have a defined succession plan, and employees that are trained and ready to step into those leadership positions, it can help keep the company steady during change.
Make Executive Training a Priority
Building an expansion strategy can be complicated, but this piece shouldn’t be. Executive training is a great way to prepare your company and your employees for success.
When it comes to developing well-rounded leaders in a company we know what we’re doing. Connect with us and receive a complimentary consultation to assess the needs of your business.
