So long as destinations 3.0 intend to expand by leveraging the human potential of the local community, developing leadership talent is an essential success factor. The development of the future leaders should begin at present. As a part of the vision and duty of Creative leaders, the development of young leaders is a must have requirement to ensure the models’ sustainability and adaptation to the environment’s changes.

Organizations have to change their leadership talent sourcing strategy, by focusing their efforts on developing talent within the organization rather than head hunting in the market.  This can be done through the deployment of leadership development programs, which have proved to bring in many advantages:

Boost of the employee engagement. According to 90% of leaders, employee engagement has a positive influence on business success, but 75% of the organizations have no engagement plan or strategy. Development programs provide the employees the opportunity to leap forward to a better version of themselves and find a more meaningful and fulfilling professional life. Make sure to appropriately define the program goals.

Increase of the employee performance. As it happens with all professional development programs, they prepare employees to bring more value to the organization and therefore increase their performance. Investing in the human resources development is also very likely to favor their retention, so long as they feel that they are in an organization where they can grow professionally and develop their potential.

Ensure the business sustainability. Developing internal talent is not only more profitable than sourcing it outside, but it also ensures that only those professionals that share the organization values will be its future leaders. Further, the availability of many prepared leaders facilitates a natural selection for the best leaders to thrive and take the top leadership positions. Therefore, it is not only an investment to boost profitability, but also to reduce risk.

This article is from the Whitepaper “Building a culture of collaboration and innovation”, written by Jordi Pera, Founder and CEO at Envisioning Tourism 3.0 Ltd. You may download for free the full Whitepaper at www.envisioningtourism.com/whitepapers

Posted by Jordi Pera

Jordi Pera is an economist passionate about tourism, strategy, marketing, sustainability, business modelling and open innovation. He has international experience in marketing, intelligence research, strategy planning, business model innovation and lecturing, having developed most of his career in the tourism industry. Jordi is keen on tackling innovation and strategy challenges that require imagination, entail thoughtful analysis and are to be solved with creative solutions.

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