Executives and senior management teams guide your company. So their competence has a direct effect on your success. If you can increase that competence with training and development initiatives, your company will perform better.
Senior management needs training as much as anyone else in your company. And maybe more. That's why it's crucial to focus on training for executives.
It’s that simple.
But how do you know what to train your senior executives in? How can you make time for training busy senior management? And how can you make sure that you’re getting the most out of your executive training budget?
Here are our top executive training tips to ensure your senior leadership is improving your organization's success:
1. Establish Training Needs
According to a survey by Training magazine, senior executive training topics are usually either chosen by the executives themselves or by the executive leadership team. Some companies also conduct informal interviews with executives or use a formal needs analysis.
But there are some patterns in what organizations seek training for. That same survey found these five areas were most commonly addressed:
- Communication skills
- Developing and coaching others
- Team leadership
- Strategy development and alignment
- Change leadership
There are notable differences between those five items and the five most commonly sought out areas in the past. But communication and listening skills, leadership during change, and team-building are perennially important areas for executives to receive training in.
Which areas you decide to seek out training in are up to you and your executives. But it’s a safe bet that executives will always benefit from those topic areas.
(Author’s note: you may want to shake things up and ask your employees what executives should be trained in, too. You may get some interesting answers.)
Only after you’ve established your senior executive training needs should you continue the planning process.
2. Define Measurable Training Objectives
Harvard Business Publishing’s Ray Carvey emphasizes the importance of “clear, measurable, and well-articulated objectives and expectations” for leadership training.
You need to know what success will look like before you start the training program. Therefor, it's crucial to create training objectives that align with business goals.
With executives, says Carvey, it’s important to focus on business outcomes. “How are we moving the needle on the business in terms of application to leaders’ daily jobs, career development and retention? What does the business need to see as a result of this program?”
It’s not always easy to connect training and development to bottom-line results. But if you take the time to make it happen, you’ll have a great guide to what’s working and what’s not.
You’ll also be able to show your executives the importance of the lessons that they’ve learned, which is important in convincing them that it’s worth their time.
3. Align Corporate Culture Before Training
I can’t emphasize this step enough. Many companies don’t see a great return on their training and development initiatives, and the cause is usually that the company’s strategy, values, and articulated goals aren’t aligned with the trainings.
Michael Beer, Magnus Finnström, and Derek Schrader lay out the problem in great detail in their HBR article “Why Leadership Training Fails—and What to Do About It.” It’s a great read that’s essential before starting your executive training program.
The authors recommend a six-step approach to training. This approach requires a lot of preparation and possibly an entire culture shift in your company. But it’s crucial if you want your investment in training to pay off.
Here are their six steps:
- The senior team clearly defines values and an inspiring strategic direction.
- After gathering candid, anonymous observations and insights from managers and employees, the team diagnoses barriers to strategy execution and learning. It then redesigns the organization’s roles, responsibilities, and relationships to overcome those barriers and motivate change.
- Day-to-day coaching and process consultation help people become more effective in that new design.
- The organization adds training where needed.
- Success in changing behavior is gauged using new metrics for individual and organizational performance.
- Systems for selecting, evaluating, developing, and promoting talent are adjusted to reflect and sustain the changes in organizational behavior.
Redesigning an organization’s “roles, responsibilities, and relationships” is no small task. Neither is day-to-day coaching and process consultation.
But the authors make it clear that even a sizable investment in leadership training is doomed to fail without the right supports.
Is your company 100% ready for leadership training and—more importantly—change in leadership strategy and practices? If not, you need to make changes.