This was excerpted from a guest blog Rich Wellins wrote for Great Leadership.
By Rich Wellins, Ph.D.
Does the quality of leadership matter?
Put 10 people in a room and ask them how they define leadership. Chances are, you’ll get a lively debate but not a lot of agreement. The word “leadership” can mean very different things to different people. Some believe that a leader’s key responsibility is to nourish and cultivate team members, while others believe that it is to drive growth and innovation. The reality, of course, is that both perspectives are true. Still, no matter how they define leadership, those 10 people will probably agree on one thing: Leadership makes a difference.
The difference between the impact that a top-performing leader and an average leader has on an organization is at least 50 percent, according to leaders participating in DDI’s Global Leadership Forecast 2011. In fact, this research demonstrates that organizations with the highest quality leaders were 13 times more likely to outperform their competition in key bottom-line metrics such as financial performance, quality of products and services, employee engagement, and customer satisfaction. Specifically, when leaders reported their organization’s current leadership quality as poor, only 6 percent of them were in organizations that outperformed their competition. Compare that with those who rated their organization’s leadership quality as excellent—78 percent were in organizations that outperformed their competition in bottom-line metrics.
In this study of 1,897 HR representatives and more than 12,000 leaders from 74 countries some of the global findings are . . . Read the entire blog on Great Leadership.
Rich Wellins, Ph.D., is a Senior Vice President at Development Dimensions International (DDI).