The First Strategy
Hire people in the middle who have aspirations, who want to grow and develop and are mobile. Thus you have leaders who are eager for opportunity. They are attracted to moving and working in a new location is attractive for them, and they are excited about establishing a new beachhead for the company.
Create a process in which, as one of its yearly goals and objectives, top leadership has to develop and take courses. In one company I worked with, if you could not demonstrate to the CEO that you had improved your skill set and thinking abilities in the last year, you were not eligible for a raise no matter how well you had performed. In another company, if you aspired to be a director, you had to get an MBA. These policies can supported a company in dramatically growing both revenue and profits.
For more information about CMI’s process for improving your leadership team click here.