Modern Business Magazine January 2016 | Page 58

MODERN LEADERSHIP Why SMEs need to build their leaders, in house By Corrinne Armour D eveloping leadership capability is too important to outsource. The best leaders develop leadership in others where it counts—on the job, and when in counts—in the moment. This is especially true in the SME sector where resources for more conventional outsourced leadership development are limited. Here’s 5 reasons to develop leaders, in house: 1 Grow bench strength and succession Leadership is needed at all levels. When leaders can grow leaders, everyone showing potential gets a chance to develop—not just the ‘rising stars’ or the ‘executive team’. Being closer to the strengths and development needs of each leader will give you greater control over the succession planning that is