Surveying today’s business environment reveals several key facts:
• Distributed leadership is lifeblood. Great companies are driven by great leadership, not just in the boardroom, but also at the front lines of the organization.
• Demographic chasm presents great risks. Businesses are facing a demographic time bomb—the retirement of baby boomers—that is beginning to affect the ranks of senior management at global corporations. New generations of leaders must be cultivated to replace retiring baby boomers.
• Traditional training has many shortcomings. Many leadership development efforts fail. While there are many reasons for this, the format of the training that participants receive is often key. A recent study revealed that management learning programs that use simulations provide significantly improved leadership competencies compared to those that use traditional learning methods.
This white paper will speak to how organizations can better use advances in simulation technology as part of their leadership development efforts.