Leadership development – can there be a return on investment?
Abstract
Purpose of this paper
The purpose of this paper is to examine if it is possible to assess the return on investment (ROI) in developing leadership skills.
Design/methodology/approach
The article discusses the various aspects of business that leaders have to get right and therefore areas that lend themselves to assessment. The article first of all looks at seven major areas of responsibility and value creation in an organization with accountability lying with various leaders and their teams. The article then looks at five alternative assessments on leadership investment value, before concluding.
Findings
The paper finds that it is possible to measure ROI on investment in leadership skills, if measured against various criteria that leaders have to get right in business.
Practical implications
The article suggests ways that businesses can measure ROI on investment in leadership skills.
Originality/value
This paper is useful for any business looking to invest in leadership skills in the future.
Keywords
Citation
Archer, S. (2013), "Leadership development – can there be a return on investment?", Development and Learning in Organizations, Vol. 27 No. 3, pp. 18-21. https://doi.org/10.1108/14777281311315865
Publisher
:Emerald Group Publishing Limited
Copyright © 2013, Emerald Group Publishing Limited