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Handbook of Leadership Theory and Practice by Rakesh Khurana, Nitin Nohria

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24

LEADERSHIP DEVELOPMENT INTERVENTIONS

Ensuring a Return on the Investment

Jay A. Conger

A COMMON LAMENT among executives is that their organizations suffer from a shortage of leadership talent. As a result, a broad range of initiatives has appeared over the last two decades to address this critical gap. Yet many of these initiatives appear to have failed. The causes are many and complex (Ready and Conger, 2003). For example, many companies fail to support their development initiatives with corresponding rewards and ongoing support. In some organizations, the cause is too little time and too few resources devoted to leadership development in general. In others, a one-time administration of a 360-degree feedback assessment may be the scope ...

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