The_Essential_Manager_s_Handbook

156 / DEVELOPING LEADERS

Investing in the future

Appointing talent

A successful organization needs a ready supply

of new leaders. Recruiting all future leaders

from outside your organization simply isn’t

cost effective; it takes a substantial amount of

management time and money to find the right

candidates and bring them up to speed. By

contrast, leaders who are promoted from within

your organization already have a very good

understanding of your organization’s culture and

working methods, and will have been nurtured and

trained by you to have exactly the suite of skills

and knowledge required to take on their new role.

For an organization to expand, it needs to invest in the development

of the new leaders that will take it forward. Individuals who display

leadership potential should be considered an important asset that

will grow if nurtured, and will be lost if not.

US_156-157_Investing_in_the_future.indd 156 31/05/16 5:29 pm