Morning Advantage: Is Leadership Development a Complete Waste of Time?

When only seven percent of all employees trust their leaders, can you blame Harvard's Barbara Kellerman for calling the modern practice of leadership development a failure? She pulls few punches in this Strategy+Business excerpt from her book, "The End of Leadership."

"For all the large sums of money invested in the leadership industry, and for all the large amounts of time spent on teaching leadership, learning leadership, and studying leadership... There is scant evidence... to confirm that this massive, expensive, thirty-plus-year effort has paid off. To the contrary: much more often than not, leadership development programs are evaluated according to only one, subjective measure: whether or not participants were satisfied with the experience. But, of course, even if they were, this does not prove the program had the impact it wanted or intended; in fact, the opposite might be true — it could be that the most satisfied participants were those who changed the least."

Kellerman makes it a point to say she does not believe all leadership training programs are failures. Nevertheless, she writes, "as a whole the leadership industry is self-satisfied, self-perpetuating, and poorly policed."

INDUSTRIAL STENGTH

Interactive Graphic: Is Your Job Market Growing or Shrinking? (The Guardian)

While the overall US job market still has a long way to go to get back to its pre-financial-crisis levels, it's not all bad. For instance, there's been strong job growth across the board in education and health services since 2008. The admittedly small mining and logging sector has also proven resilient (which might give pause to those following the growth of green). What industries would job seekers be wise to avoid? Among many in decline: "publishing industries, except Internet" has shed 15% of its workforce.

APPARENTLY NOT TOO BIG TO FAIL

Inside the Icelandic Comeback (New York Times)

While its continental neighbors remain mired in economic muck, Iceland continues a surprisingly facile comeback. Analysts point to combination of fortuitous decisions and good luck, and caution that "the lessons of Iceland’s turnaround are not readily applicable to the larger and more complex economies of Europe," as Sarah Lyall writes. Nevertheless, "during the crisis, the country did many things different from its European counterparts. It let its three largest banks fail, instead of bailing them out. It ensured that domestic depositors got their money back and gave debt relief to struggling homeowners and to businesses facing bankruptcy."

BONUS BITS:

Crash Courses

10 Minutes on Global Talent Mobility (PwC)
30 Second MBA: What if You Lost the Competition for a Senior Job? (Fast Company)
Management Tip Video: Applying Disruptive Innovation to Your Career Path (HBR.org)

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