Oklahoma City, OK, July 1, 2021, EDA, Inc., (formerly known as Executive Development Associates), a global leader in top-of-the-house leadership development, announced the release of its 2021 – 2024 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 35 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 1,030 medium and large organizations as well as the insights and analysis of executive development experts and executives.
2020 gave us an eye-opening look at the capabilities of our leaders and the 2021 survey results identify both current and future trends impacting the executive development industry. Some of the most interesting highlights include:
- We can be innovative when we have to be.
- Compassion increased and may need to be emphasized going forward.
- We need
leaders who understand the whole company and not just their silos
critical thinkers at every level
increased communication & transparency
ability to lead through change, change, and more change
employees who are empowered to use their critical thinking skills
companies who are genuinely committed to equity & inclusion
More importantly, a collective look at the trend’s points toward an overall need to pause and review what is working and what is not and make the appropriate adjustments.
“The 2021 Trends gave us more insight than we expected, and we are excited to share the results. With 2020 we learned a lot about our leaders and their capabilities, and that knowledge is exactly what organizations need to create powerful executive development that will help them lead through the tumultuous landscape and win in the marketplace.” – Bonnie Hagemann, CEO, EDA, Inc.
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:
- Highly Influential Conditions
- Key Competencies in Demand
- Top Priorities Moving Forward
- Leadership Teams
- Hot Topics in Executive Development
- Diversity, Equity, & Inclusion
- Layers of Leaders and the Leadership Pipeline
- Planning, Needs Analysis, & Strategic Design
- Expenditures, Policy, & Strategy
- System Design and Measurements
“We also see a clear need to focus on accelerating the development of high-potentials and prepare them to both understand the digital transformation and ensure that the strategy around it is aligned with the business and growth plans of their organizations. This may open new opportunities for how organizations arrange work and structure themselves and in turn, is likely to require a different set of leadership skills to navigate both the global economic recovery and to thrive in the future.
Traditional leadership capabilities remain critical to successfully navigating the digital-driven workplace such as critical thinking, effective communication, leading and managing change amongst others, but there are specific competencies that are tied to this global digitization and those include a dynamic combination of new mindsets and behaviors and skills that we describe as a “disruptive digital leadership” suite of competencies.” – Prof Sattar Bawany, Managing Director, Asia Pacific, EDA, Inc.
The 88-page 2021 Trends in Executive Development Benchmark Report is available for purchase on the EDA website – www.executivedevelopment.com.