February 6, 2019, San Francisco – Executive Development Associates, Inc. (EDA), a global leader in top-of-the-house leadership development and BTS, a leading global strategy implementation firm, today announced the release of its 2019 Trends in Executive Development Benchmark Report.
The Trends in Executive Development report has been the leading compilation of research for organizations across the globe to benchmark their executive and high-potential development practices.
Today, after more than 30 years of research and reports, it has become a trusted resource and industry benchmark created for talent and leadership development professionals as well as executives who believe in developing their organization’s talent in a way that they become a competitive advantage.
This year, the study is based on the direct input of those who oversee the development of the organization’s leaders for 270 medium and large organizations as well as the insights and analysis of executive development experts and executives. Our team of contributors has decades of combined expertise across an array of business landscapes.
The 2019 survey results identify both current and future trends impacting the executive development industry, some of which have made the list in years past, while others have come to the forefront in this year’s research. The top 5 current factors influencing executive development, as identified by the organizations surveyed, include:
- changing business strategies,
- digital transformation,
- economic conditions,
- changing customer requirements, and
- the need for increased innovation.
In addition, the top 5 future trends include a focus on business ethics and integrity, innovation, cognitive readiness, community outreach, and competitive positioning. More importantly, a collective look at the trends points toward an overall need to pause and review what is working and what isn’t and make the appropriate adjustments.
“If we keep adding and adding, we are going to wear out our teams. I believe we are doing a lot of things that no longer make sense but we either don’t take the time to evaluate what still has an impact or we already know what we need to stop and we are resisting for one reason or another.”
– Bonnie Hagemann, CEO, Executive Development Associates, Inc.
“The current digital transformation which underpins the Fourth Industrial Revolution (Industry 4.0) has ushered in a new business environment which is fast, open and responsive resulting in several organizational and leadership challenges. Our results have shown that this change has a direct impact on the sustainability of organizations of all sizes across various industries in global markets including the greater Asia Pacific region.”
– Prof Sattar Bawany, Managing Director, EDA Asia Pacific
“We are thrilled to have partnered with EDA on this important piece of research. The key findings support the continued need for Executive Development Program, Sponsors and Practitioners, to ensure that their development experiences are highly contextual to their business and ensure that leaders gain the capabilities that they need to turn their strategy into reality over both the short and long term.”
– Jessica Parisi, President & CEO, BTS
The Benchmark Report provides a comprehensive examination of each of these trends, their implications, and ways to address them moving forward. Complete Study Results include:
- Key Competencies in Demand
- Highly Influential Conditions
- Top Priorities Moving Forward
- Hot Topics in Executive Development
- Layers of Leaders
- The Leadership Pipeline
- Policy and Strategy
- Planning and Needs Analysis
- System Design and Measurements
- Innovation and Best Practices
- Levels of Participation
The Executive Summary of the Report could be viewed here
About Executive Development Associates:
Executive Development Associates (EDA) is a leader in creating custom-designed executive development strategies, systems, and programs that help organizations build the capabilities needed to achieve their strategic objectives. EDA leads the way in the use of executive development to help organizations successfully address their marketplace challenges and accelerate the execution of their business strategy utilizing various approaches including custom executive development programs, CSuite and executive coaching, action learning, leadership workshops, executive assessment, and more.
For more information, visit executivedevelopment.com
BTS focuses on the people side of strategy, working with leaders at all levels to help them make better decisions, convert those decisions to actions and deliver results. At our core, we believe people learn best by doing. For over 30 years, we’ve been designing fun, powerful experiences that have a lasting impact on people and their careers. We partner with nearly 450 organizations, including over 30 of the world’s 100 largest global corporations. Our major clients are some of the most respected names in the business: Microsoft, SAP, Chevron, Coca-Cola, Volvo Group, Citigroup, Salesforce, and Tencent. For more information, visit bts.com
Press Release by Business Wire