Korn Ferry Growth and Innovation Incubator Growth is now in the leader, not the market.
How at-risk is your organization s growth? The days of secular and almost guaranteed growth are long gone. Today organizations have to contend with a variety of forces both internal and external which disrupt strong, continual growth in their market. In macro terms, we re moving from an "easy growth" era, where business growth was easy due to growing markets, to a "smart growth" era, where organizations need to develop growth from a flat or declining market. What is the best way to develop this growth in the current climate? Because growth is no longer in the markets, and has to come from leaders, organizations must develop strong leaders who can deal with both internal and external disruptors. The new leadership mindset must include: Mastery and depth. Agility and breadth. Known-knowns. Unknown-unknowns. Expertise and specialization. At a glance: Korn Ferry Growth and Innovation Incubator is a threemonth experience, engineered to help high-potential and senior leaders take their leadership to the next level in the face of today's highly competitive market. Focusing on six distinct yet interlinked leadership skills, this program prepares leaders to drive change and significantly shift the growth of their organization. With world-class assessments and feedback, a four-day intensive development session, and follow-up coaching to reinforce and deepen their learning, participants develop a heightened sense of selfawareness, learn how to create relevant and meaningful growth plans, and how to motivate and shape a growth and innovation culture. Venturing and collaboration. Top-down alignment. Distributed leadership. Growth projects linked to the business strategy help participants practice mobilizing resources and sponsorship to achieve their goals. Efficiency and standardization. Innovation and disruption. 1
Separating excuses from reality. Of course, we re all accustomed to hearing what sound like perfectly reasonable excuses for lack of growth. But excuses don t cut it in today s extremely competitive world. To move forward, organizations need to be able to differentiate between excuses, and the genuine market reasons preventing the business from growth, and address them head-on. The market is slow. Excuses Clients are cutting back how can we grow if they re not investing? Our pricing is too high. I don t have the resources I need to grow. We can t grow the top line and increase margins at the same time. The external regulators (or internal compliance/ risk) won t let us grow. Our culture is conservative; we re not Google or Apple. Our industry is no longer in growth mode. We are growing 10% growth is huge, given market conditions. Reality Internal forces: SILO Inability of leaders to collaborate in the quest for growth. Narrow, blinkered thinking. Narrow domain of expertise. External forces: TURF DRAG Conservatism and risk aversion. Lack of conviction at the top. Complex global matrix leading to confusion. Strengthening of traditional competitors. Emergence of non-traditional competitors who are more agile and responsive to the market. Local market competitors gaining in strength and consumer relevance. Technology and business model driven disruptors. Rapidly changing consumer needs. Changing regulatory landscape. Multiple sub-cultures in the organization. Multiple centers of know-how which are disconnected. 2
Korn Ferry Growth and Innovation Incubator. Korn Ferry Growth and Innovation Incubator helps organizations address their largest growth and innovation challenges by developing leaders with new mindsets and skills to successfully navigate and manage internal and external disruptors such as risk aversion and conservatism within the organization or rapidly changing technology and consumer needs externally while driving growth for the business. This breakthrough senior leader program is designed to rapidly shift participants mindsets to focus on the growth issues of today. It also surfaces business growth ideas that can be activated immediately by the organization. The program will impact your organization by: Growing the business amidst a slow-growing external environment. Disrupting the status quo and triggering continuous growth and innovation. Looking beyond product innovation as the primary source of business growth. The four-day program dramatically changes the way the senior leaders think about organizational growth, the competition, and more importantly, their collective response to both. Not only will they develop in the process but they ll also contribute to a much greater level of senior team alignment and collaboration. During the program, participants receive a personal leadership development plan, as well as a team and culture impact plan. They will emerge with a renewed sense of energy, and a wealth practical ideas, skills and ways to drive measurable business growth. Developing a variety of external market partnerships beyond the norm, with a view to drive growth. Understanding, adopting, and cascading a new way of leading and growing the business. I ve never thought of leadership and business being so intimately linked. 3
Key elements of the program. Korn Ferry Growth and Innovation Incubator helps develop six distinct yet interlinked leadership skills for participants. These skills, along with their specific behaviors, help the leaders drive growth for the organization. Curious Provoke Explore Expansive What if thinking Change the game Disrupt Experiment Possibility Ingenuity Include Diverse perspectives Empathize Bridge Activate the network Disclose self Honest Open Transparent Vulnerable Meaning Composed Insight Essence Find the story Create the future Vision Mindful choices Inspire Thoughtful bets 4
The Korn Ferry advantage. Contextual and immersive development: Context-based, applied, and experiential learning create engaging, highly collaborative, and business relevant development journeys that drive sustainable outcomes and measurable ROI. Whole-person approach: Korn Ferry s Four Dimensions of Leadership and Talent skills, experiences, traits, and drivers provide a complete picture of the individual qualities that drive performance, engagement, and leadership effectiveness. This framework builds leaders from the inside-out and the outside-in. Best-in-class consultants, advisors, coaches, and faculty: Top leadership development thinkers, engaging facilitators, and seasoned coaches with cross-industry expertise add rigor to development experiences, and heighten self-awareness and leadership impact for participants. Global presence: Our global experience and understanding of industries, markets, and cultures elevates the relevance of development programs and services for leaders, teams, and organizations. Data-driven insight: We take a big data approach to leadership development drawing on nearly 50 years of analytics and over 2.5 million professional assessments recognizing what separates success from derailment for leaders in any role, function, industry, region, or organizational culture. Shared responsibility: This approach involves and aligns internal stakeholders, managers, and mentors as proactive supporters and coaches in the development of program participants to help them successfully identify and tackle potential obstacles to their fullest performance and potential. Inclusive leadership: We facilitate strategic and operational shifts in leadership and talent management processes to create cultures of development that unleash the potential of the workforce. Our programs address issues such as unconscious bias and conscious inclusion in both talent identification and development. Service learning: Imbedding service learning into development fosters a sustainable, purposedriven, and socially conscious mindset across the workforce, increasing engagement, and elevating organizational performance and impact. Measurable results: We drive for results aligned to each organization s business strategy through our award-winning programs for the C-suite, senior executives, high potentials, and first-level leaders. 5
What to expect. At the heart of the participant journey is a four-day Growth and Innovation Incubator session, and each day focuses on a specific theme. Prework. Smart growth assessments* Pre-reading case studies* *Optional Program. Day one: Making sense of context. Participants are pushed out of their comfort zones. They are questioned on their beliefs of growth and leadership. Day three: Creating new growth. Participants are pushed to create new growth for the business and develop ideas and plans to get colleagues excited. Day two: Building self awareness. The focus moves to coming up with a personal leadership development plan. Optional day four: Shaping a growth culture. A personal impact agenda (on team and culture) is created so as to positively influence others in the organization to create a culture of innovation and growth. Postwork. Follow-up coaching conversations. Participants will come up with a detailed development plan. This will help to sustain his/her leadership development journey at work. Growth projects sponsorship and mentoring. Participants are encouraged to think about how to mobilize resources and sponsorship to execute on growth projects. 6
About Korn Ferry Korn Ferry is the preeminent authority on leadership and talent. For nearly half a century, clients have trusted us to recruit world-class leaders. Today, we are their partner in designing organizational strategy and developing their people to achieve unimaginable success. For more information, visit www.kornferry.com www.kornferry.com Korn Ferry. ALL RIGHTS RESERVED.