Grow Your Own Leaders

Grow Your Own Leaders

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Byham, William C. | Smith, Audrey B. | Paese, Matthew J. Financial Times Prentice Hall, 2002
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IN THIS SUMMARY

According to Byham, Smith, and Paese, at a time when leadership is increasingly important to the success of organizations, an increasing amount of companies face a serious shortage of leaders at both the executive and general management levels. Given this reality, the authors believe that a grow-your-own-leaders approach is the best strategy. And, in fact, studies have shown that organizations with better operating statistics are more likely to have effective succession management programs. Byham, Smith, and Paese believe that their new system, the Acceleration PoolSM, is one such program. Their program, which is analogous to an agricultural model, based on nurturing and cultivating the seeds of talent, offers a superior alternative to corporate Darwinism.