Organizations in today’s VUCA world of increasing volatility, uncertainty complexity and ambiguity are facing an unprecedented challenge. Seismic shifts in the power distribution of world economies, regional violent conflicts, stagnant economies in established markets, the frantic search for the few untapped market growth opportunities and a global digital transformation all require exceptional leadership to not only survive but to thrive.

According to DDI Global Leadership Forecast (GLF), however, leadership quality across the board is nowhere near it needs to be to face the VUCA challenges while at the same time driving growth and value of their organizations. In fact, only one in four organizations evaluated their overall leader quality as high.

Why is leader quality going nowhere fast? Apparently, because leadership development efforts have stalled, despite the fact that an estimated $50 billion a year is being spent on developing leaders worldwide.

So, what can companies do to improve? The message from leaders is loud and clear: Organizations need to re-invent traditional approaches to leadership development. If organizations can crack the code of accelerating leadership growth, the rewards can be tremendous. Leader quality is directly linked to competitive advantage and financial success and according to DDI’s GLF, organizations with high leader quality are six times more likely to be in the top 20 financial performers of all organizations.

Against this backdrop, this presentation highlights major flaws in traditional approaches to leadership development and what today’s and future leaders demand in order to fast-track their growth and stay engaged. In this context, the following additional questions will be explored: How do modern developments approaches attempt to close the "Learning – Performing” gap and make development sustainable? How do millennials and Gen Y challenge our thinking about long-held beliefs in development? How does HR need to change in order to transform leaders and organizations?