Author and leadership expert John Maxwell once famously said that “the single biggest way to impact an organization is to focus on leadership development. There is almost no limit to the potential of an organization that recruits good people, raises them up as leaders, and continually develops them.” A culture of leadership development and innovation boosts profits and engages workers.
Experts confirm that there are clear benefits to fostering leadership by encouraging your employees’ professional growth and nurturing and developing leaders in your company. Studies show that promoting a culture of leadership, innovation, and continuous learning offer value for organizations, or can present significant impediments to success in their absence.
By the Numbers
- 10%: The number of true “natural leaders” there are in the population, according to leadership research conducted in 2023 by career website Zippia. However, Zippia’s research also shows that another 20% of individuals have the requisite talents and could be cultivated into high-quality leaders with the right training and development.
- 7%: The amount of annual sales companies give up (or don’t capitalize on) for every year that they delay or deny the professional growth and development of those who show leadership potential, according to Zippia research.
- 22%: How much more profitable companies are that engage their employees by building a culture of leadership, innovation, and recognition versus those that don’t, also according to Zippia research.
- 82%: Percent of leaders who agreed that an organization that can’t innovate will fail within five years, according to a 2023 survey of nearly 10,000 leaders and employees in the tech industry by Miro, an innovative platform for distributed teams.
- 4 out of 5: The number of tech/information workers surveyed who agreed that a culture of innovation boosts employee engagement and keeps employees “more invested in and excited about the company’s future,” according to the aforementioned Miro research.
- US$8.8 Trillion, or 9% of the world’s GDP: The cost of low employee engagement to the global economy, according to Gallup’s State of the Global Workplace: 2023 Report.
- 20-25%: Percentage increase in overall job performance, productivity, and leadership behaviors demonstrated by those who underwent leadership training, according to a 2017 study on Leadership Training Design, Delivery, and Implementation published in the Journal of Applied Psychology.
- 10X: How much faster top innovation companies are at developing new products than their weaker counterparts, according to a McKinsey study. The study also found that top innovators are three times more likely to meet their customers’ needs than weaker competitors.
Invest in Your Team’s Growth and Success Through the IEEE Professional Development Suite
Experts agree that developing leaders and promoting a culture of innovation and learning will increase employee engagement and retention, boost sales and profitability, and move your organization forward. Within the fast-moving, rapidly-evolving, and competitive tech arena, the IEEE Professional Development Suite is uniquely adapted to support this culture of innovation and learning.
The IEEE Professional Development Suite is specially-designed for current and aspiring technology leaders who want to develop their essential business and management skills. The programs help sharpen the unique skills needed to advance their teams, create engaged and inspired workplace environments, and support their organizations in advancing technology and innovation.
Programs included in the IEEE Professional Development Suite are:
IEEE Leading Technical Teams
This live learning program recognizes the unique challenges that come with leading technical groups. It’s designed for team leaders, managers, and directors of engineering and technology teams.
In addition to the live, 6-hour training, attendees will also participate in the “360° Leadership Practices Inventory.” This leadership development tool solicits confidential feedback on the participant’s areas of strength and opportunities for improvement from their team members, peers, and managers/supervisors. The program also encompasses instructor-led exercises and case studies demonstrating the application of best practices to various workplace challenges. Participants will also learn the “Five Practices of Exemplary Leadership” and receive valuable peer coaching. Learn more about IEEE Leading Technical Teams training sessions featuring both in-person and virtual options.
IEEE | Rutgers Online Mini-MBA for Engineers and Technology Professionals
This flexible mini-MBA, offered by IEEE in partnership with Rutgers Business School, is specifically designed to help engineers and technology professionals obtain the critical business skills needed for long-term career success. The 15-week curriculum covers topics such as Business Strategy, New Product Development Management, Financial Analysis, Sales and Marketing, Leadership, and more. Learners will benefit from a combination of expert instruction, peer interaction, self-paced video lessons, interactive assessments, live office hours, and hands-on capstone project experience.
Overall, this unique program, which is the only online mini-MBA curriculum specifically designed for engineers and technical professionals, trains participants to make more informed business decisions and better align their technical capabilities with proven business strategy. The program offers flexible learning opportunities for individual learners as well as customized company cohort options. Learn more about the IEEE | Rutgers Online Mini-MBA for Engineers and Technology Professionals.
Intensive Wireless Communications Course Series
Exclusively presented by the IEEE Communications Society, this highly interactive live course series provides the training necessary to stay ahead of key topics and developments in the dynamic and rapidly-evolving wireless communications industry.
Designed for people with an engineering background who want to enhance their knowledge of wireless communication technologies, this course is an ideal way to train individual employees or your entire team at once! Learn more about the Intensive Wireless Communications Course Series.
Advanced Topics in Wireless Course Series
Presented exclusively by the IEEE Communications Society and designed for engineers and technical professionals with an existing working knowledge of wireless who are looking to enhance their skill set, this course dives into the latest advancements, applications, and use cases in emerging connectivity. By completing this course, your team will have the knowledge and skills necessary to excel in the fast-paced world of wireless communications.
Participants in this live, online course series will develop a comprehensive view of 5G/NR technology, a profound understanding of the implementation of all of the ITU-specified use case categories (e.g., enhanced Mobile Broadband (eMBB), mIoT, and URLLC), and a robust foundation on the network architecture evolution technology enablers towards fully-open radio access networks. Learn more about the Advanced Topics in Wireless Course Series.
IEEE eLearning Library
IEEE offers hundreds of hours of high-quality online courses in core and emerging technologies. Tailored for professionals, faculty, and students, the IEEE eLearning Library taps into a wealth of expertise from our global network of over 450,000 industry and academia members. IEEE eLearning Library courses cover a wide array of disciplines and standards—whether you or your learners want to enhance knowledge in their own technical field or expand to other technical specialties. Tap into courses in areas of aerospace and defense, artificial intelligence, communications and telecommunications, cyber and data privacy, power and energy, standards and more! Learn more about the IEEE eLearning Library.
Don’t wait to tap into the IEEE Professional Development Suite! Help foster the growth and leadership skills that will propel your organization to higher levels of innovation and success.
Resources
Kizer, Kristin. (29 June 2023). 35+ Powerful Leadership Statistics [2023]: Things All Aspiring Leaders Should Know. Zippia.
Morgan, Felix. (6 September 2023). Navigating the Innovation Paradox: Insights from Miro’s New Survey. Miro.
State of the Global Workplace: 2023 Report. Gallup.
Bouchrika, Imed. (18 January 2024). 24 Leadership Training Statistics for 2024: Data, Insights & Predictions. Research.com.
Lacerenza, C., Reyes, D., Marlow, S., Joseph, D., Salas, E. (2017). Leadership Training Design, Delivery, and Implementation: A Meta-Analysis. Journal of Applied Psychology, 102 (12), 1686-1707.
Banholzer, Matt, LaBerge, Laura, West, Andy, and Williams, Evan. (14 December 2023). How Innovative Companies Leverage Tech to Outperform. McKinsey & Company.
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