Top 3 Trends in Corporate Leadership Training Market

Global Corporate Leadership Training Market 2017-2021

Organizations in every industrial vertical have always looked out for leaders who are extremely good at recognizing emerging challenges and inspiring organizational responses that lead to positive outcomes. Today, that need is intensifying as leaders confront, among other things, digitalization, the rising relevance of data as a competitive weapon, and the ability of artificial intelligence to automate workplaces and improve business productivity.

Versatility is in: Businesses are looking for people who can do it all!

Unlocking the complete potential of on-boarded talent is THE top priority for organizations across the globe today. Today’s market scene demands that companies must expertly navigate an increasingly complex array of technologies, not only to engage and retain employees but to inspire new talent to drive business responses quickly and efficiently. In this regard, new innovations in leadership development training programs promise to deliver an enriching learning experience, while also prompting said employees to exploit their latent potential to the maximum.

What’s new in corporate leadership training?

The market for corporate leadership training has changed dynamically in recent years, pertaining to the technology used for content creation, delivery procedures, and collaboration amongst trainers and learners. The technical innovations coupled with the digitalization of learning materials has established a new benchmark with regards to leadership development programs. From online training to mobile learning, gamification and simulation, there are various types of leadership skill development programs that have been successfully introduced in recent times. Listed herein are the top-3 popular trends in this discipline.  

Global Corporate Leadership Training Market 2017-20211) Gamification

These days organizations are opting for a game-based or scenario-based approach to impart skills training. The goals of gamification are primarily to achieve a higher level of engagement, stimulate innovative collaboration and also prompt positive changes in the employee’s behavior. Consequently, the business’s levels of productivity are positively impacted.

For instance, Deloitte, a major accounting firm, has created a leadership development program by using gamification technique to track their employees’ progress. This is done through badges, leaderboards, and status symbols. And, the results have been extremely positive.

2) Mobile learning

Mobile learning, often termed as M-learning, is used to provide training to employees through their handheld mobile devices. Smartphones, tablets and their ilk allow employees to be trained anywhere, irrespective of their geographical location, with functional connectivity being the only prerequisite. As it is, companies are bringing in mobile devices as an innovative addition to most of their workflows, why not extend the same to leadership training? Additionally, m-learning promotes social learning as well.

3) Simulation

Corporates use simulation as a tool to help leaders resolve conflicts, communicate effectively, and solve problems so that positive changes may reflect in the corporate culture. This training is usually provided to managers or supervisors who have been promoted to leadership roles. It helps an employee attain skills pertaining to time management, team building and people management as well as introduces the employee to tools that will help him/her mitigate a conflict situation.

What’s your next move? : The aforementioned trends mirror a global corporate training market that is bursting at the seams with possibilities. Source the latest insights on this market by downloading the associated research report from Technavio. The download links for the FREE sample are listed herein.