As an experienced executive and consultant, Kevin Modany explains that many companies face a leadership gap with thousands of Baby Boomer CEOs and managers retiring daily. Coupled with the “Great Resignation” phenomenon, businesses must focus on cultivating the next generation of leaders from within. Kevin Modany guides how organizations can inspire upcoming leaders through mentoring, coaching, workplace culture, and skills development programs.
Kevin Modany notes that mentoring and coaching, while similar, play distinct roles. Mentoring involves a senior employee guiding a younger worker over the long term, sharing industry knowledge and expertise. Coaching focuses on helping current leaders maximize strengths and overcome weaknesses to achieve specific goals. Together, these activities enable companies to groom promising employees to take the reins eventually.
Tevin Modany emphasizes the importance of workplace culture. To set the stage for developing leaders. Employees who feel valued and that their work provides meaning are more engaged and willing to take on extra responsibilities that groom them for advancement. Ongoing learning opportunities also signal to workers that the company wants to support their growth.
Additionally, Kevin Modany says managers should actively identify standout employees exhibiting leadership potential through exceptional performance and achievements. These rising stars can take on progressively challenging assignments with guidance from mentors and coaches.
Leadership training programs should focus on building strategic thinking, communication, problem-solving, and decision-making abilities. Kevin Modany displays the skills of a CEO who insists on honesty, transparency, and respect when tackling thorny problems. BHe models effective leadership in action by motivating teams to accomplish shared objectives,
Moreover, Kevin Modany notes that companies need leadership development initiatives aligned with the values of younger workers. Many Millennials and Gen Zers desire meaningful work with positive social impacts. Programs needing to account for these preferences may seek help with recruiting and retention.
Kevin Modany provides a blueprint for how organizations can meet pressing leadership needs: Foster a supportive culture, offer continual learning, identify high-potentials, provide mentors and coaches, develop essential leadership abilities, and ensure training programs resonate with younger workers’ values. Companies can cultivate the next generation from within their ranks with inspiration and guidance.
