8CIOReview | | NOVEMBER 2021IN MY OPINIONDRIVING BUSINESS IMPACT THROUGH YOUR LEADERSLeadership Development is a critical component of a successful business strategy to help an organization increase its value and competitive advantage through its most valuable asset- its people. Supporting the development of leaders is one of the most critical focus areas in an organization toimprove employee engagement and retention and build a sustainable learning culture that saves companies valuable time, money, and drives profits.Develop Leaders to Drive Change and InnovationLeaders must be able to drive change to ensure organizations can be flexible and agile enough to remain competitive in an ever-evolving landscape. In today's business environment, By Alicia Arganza, Director, People Leader Culture and Development, Capital Oneinnovation is necessary to accomplish business goals, and organizations with learning cultures create the right conditions by investing in developing their leaders to do just this. Organizations with Learning cultures believe that growth, innovation, learning, and development outcomes are just as significant asother business results, and as such, have several leader development options to facilitate continuous growth and development. The research shows that when companies and leaders expect perfection, they are not able to foster a learning culture and, as such, have difficulty innovating at pace with, or ahead of, their competition.Develop Leaders to Value a Growth MindsetGartner's (2020) data reveals that 80% of L&D executives planned to maintain or increase development investments, signaling the importance that a culture of learning, growth, innovation, and development has for an organization's success.To keep up with rapid changes in technology, increased regulatory and cost pressures, and generational differences in the workforce, organizational cultures must develop leaders whopromote innovation. An
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