When this company set out to elevate and track the organizational impact of its corporate leadership development program, it revealed a stunning $2.89 billion in present and future value for the company.
Elevate and track leadership development's impact on the organization
This major oil company was committed to demonstrating both the immediate and long-term impact an investment in leadership development could have on its organizational performance.
Employing JMW's unique approach—which incorporates rigorous requirements for results delivery with intensive personal development—not only produced a significant return,
but also established a new global leadership capability within the organization.
Collaborate, align and deliver
JMW collaborated with the company's Learning & Development Committee to create two customized in-house The Leader of the Future™ programs for fifty-two strategically
selected emerging leaders. The overall program was specially designed not only to enhance the leadership capabilities of the executives who participated, but also to demonstrate the
organizational benefits by tracking both leadership development and the results of business projects carried out by participants in the two programs.
In addition to four one-week sessions delivered over the course of nine months, each program included one-on-one coaching to ensure effective application and integration of key principles. To ensure consistency with the company's leadership priorities, JMW developed the program's leadership capability measures from the company's competency framework. At the completion of each session, participants assessed their development against the framework.
Throughout the programs, participants applied key principles and learnings by creating and carrying out work-related projects that called for significant business results. To accelerate their leadership development, participants identified specific measures to capture the results. Projects were carefully tracked through coaching sessions, project planning forms and conference calls, as well as an interview with each participant at the end of their program.
Over $2 billion in additional value
The fifty-two participants reported $711 million in value realized during the period that the programs took place. Projected results are said to be $2.89 billion, attributable to
between $5 million and $50 million per person. Seventy percent of participants noted 'significant improvement' with regard to leadership capabilities. Participants also stated t
hat one of the biggest benefits was the opportunity to network with staff at different facilities and to learn more about other areas of the business—noting that what gets done
in any organization is a function of relationship.
JMW has been retained by the company to continue conducting The Leader of the Future™ programs within their organization.
