If your company is not focused on leadership development, then you can be assured that your company is bound for failure, but in the company world, leaders mean everything.
I can’t tell you how often I see a company fail because it has not invested in leadership development! When a company first starts, the person who started it is often a great leader! The company will thrive under this form is leadership, but unless the current leader develops the next generation of leadership, the company is bound to fail! So often, once the company is passed on to the next owner, the company quickly fails.
That is because the company has never actually loved leadership development. If you actually desire a multi-generation business, then you need to spend some time actually building & investing in leadership development. If you ever plan for your company to grow, you also need to labor on leadership development! One person can’t do all of the work, & unless you develop more leaders, your company will eventually bottle-neck. Occasionally, leaders are scared to develop more leaders for fear that they will never be able to do anything right; Rather than training new leaders, they take all of the labor upon themselves, and however, although this may labor at the beginning, a lack of leadership development will genuinely destroy you in the end; You will never thrive without confident leaders in your company that are able to lead things themselves, & you will never have that unless you develop these leaders. If you haven’t begun investing in leadership development, then you need to start now. Your company cannot afford to live without it.