In the volatile, uncertain, complex, and ambiguous (VUCA) business landscape leaders face many challenges requiring aggressive, sustained talent management strategies to prepare them for success.
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Research from Development Dimensions International (DDI) and The Conference Board examines the relationship between leadership practices and financial performance in this environment and identifies the seven specific leadership best practices most unique to organizations in the top 20% of financial performance.
According to the research, 25% of organizations report their leaders are not capable across any of the VUCA challenges. “This report is a breakthrough because it examines specific talent practices that drive financial performance to help organizations prepare their leaders to manage in this new business environment,” stated Rebecca Ray, executive vice president of The Conference Board and study co-author.