Small Business Glossary and Definitions

Leadership Development is a means for employers to enhance the skills of their management teams as well as individuals who demonstrate the potential for leadership within a company.

Leadership development can take the form of mentoring, continuing education, advancement opportunities, special projects, temporary assignments, and coaching. Employers can find business success in furthering the leadership skills of their employees by developing an ongoing pool of qualified internal candidates for promotion, motivating employees toward higher achievement, and having a solid succession plan in place for when employees leave the company.