No Bullsh!t Leadership 336. Maximizing Your Leadership Development ROI (+ a Free ROI Calculator)
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Feb 4, 2025 Is your leadership training worth the money? This discussion dives into evaluating the ROI of various development options, from MBAs to short courses. Learn how to navigate the overwhelming choices and why many programs fall short despite hefty investments. The importance of practical application is emphasized, alongside providing valuable resources for effective career advancement. Plus, discover a free ROI calculator to help you make informed decisions about your leadership development journey!
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Professional Development Purpose
- Focus on professional development to expand career opportunities and improve earning capacity.
- Consider the ROI of time, energy, money, and opportunity cost against the expected return.
Apples-to-Apples Comparison
- Apples-to-apples comparisons are difficult in professional development due to varying rigor and focus.
- An MBA increases business acumen, but a specialized master's degree or targeted short course might be more effective.
Leadership Development ROI
- Companies often waste money on leadership development due to content-only focus, limited access, chasing fads, location assumptions, and neglecting real-world application.
- Measure training's success based on improved performance and tangible ROI.
