Leadership & Development

The Leadership and Development Compass

 By Niran Olarìndé >> "There are no maps to the future - P.J Taylor"

The supply of any goods and services greatly depends on factors of production and the technology of production. It is fair to say that professional services are subject to the economic law of demand which quantity of supply is dependent on the wages incurred in the production for goods and services supplied. Recognising the rate of technological changes in our industry, it is important that we strategically and proactively manage our professional and personal development activities to stay ahead and lead these changes. There are several tools that are available to move our CPD from a sub-conscious state to a more efficient, effective and strategic state. Out of these many tools, I have select three (figure 1, 2 & 3) that are fundamental to strategic CPD development.

Understanding your industry, market position and company strategy can help you to chart your CPD plans so they are more focused and relevant to current and future skills that will be required. Also your competency develops faster. The tools above can be used as follows:

1. Map out your understanding of the current and potential growth of services and product of your industry or company relative to your current and potential market share using the BCG matrix in figure 1;
2. Map out your competency to deliver using SWOT quadrant(Figure 2) with reference to the BCG Matrix in figure 1; and then
   
3. Use the Professional Development Cycle shown in figure 3 to maximize your strength & opportunities and address your weaknesses and threats you have mapped out in figure 2.
4. Review your performance, at least quarterly, by redoing 1, 2 and 3.