Preparing high potential talent for leadership roles is a key priority for most businesses. The problem is that organisations struggle to do it well.

In a global study of nearly 16,000 leaders by Development Dimensions International (DDI), more than 50% of CEOs said their number one concern is not being solidly set up to develop their next generation of leaders. This is highly likely why nearly a third of newly hired executives fail within the first 18 months of their role.

Lacking a robust leadership pipeline can lead to catastrophic consequences. According to research from the Harvard Business Review, promoting and hiring of new executives who fail leads to a $255 billion annual reduction in total shareholder returns each year.

There are several proven strategies companies can take to groom high-potential talent to really hit their stride.

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