Is Your Business Suffering from "Knowledge Drain"? Corporate Mentoring Can Help.
A little noticed trend is afoot that will greatly affect the continued success of our country's businesses--the retirement of the baby boom generation. By 2010, workers, senior managers, and senior executives will begin exiting the workforce for good. With them, they will take the experience and practical knowledge that has built and sustained some of our county's most successful companies.
The impact of this exodus--or "knowledge drain"--is still largely unknown, because so many benefits of good management are intangible. But what we do know is that the composition of senior staff is on the verge of significant change. The challenge facing companies today is how to most effectively prepare the next generation of leaders to continue the successful growth of tomorrow's corporations.
One of the most significant and empowering tools available to face this challenge is executive mentoring. Unlike traditional mentoring programs that focus on having senior staff work with junior staff to familiarize them with the company culture, political structure and hierarchy, executive mentoring is a formal program that facilitates the transfer of knowledge, practical experience and grass roots know-how from senior- level executives to mid-level career professionals.
The primary goal of executive mentoring is to prepare mid-level managers and executives to move successfully into senior-level positions. Although many mid-level professionals believe that they already possess the knowledge to advance to a senior level, there is a vast difference between the perspectives and approaches of the different levels. Mid-level professionals focus primarily on effective problem solving for the people they manage, and the profitability of the divisions they run. Senior executives focus on the evolution of the company, ensuring enterprise-wide profitability, and strategies for gaining or retaining competitive advantage within their market space.
While mid-level professionals contribute to all of these goals, they rarely possess the perspective to develop the high-level planning that will ultimately drive the company to attain these goals. A formal, well-developed executive mentoring program provides mid-level executives with insights into the nuances of strategic planning, teaches them to see the big picture by bringing it into focus for them, and provides expert counsel as they prepare themselves for challenges of ever-increasing magnitude.
But how do we get buy-in from busy mid-level managers? How do we create a program that's flexible and innovative? This is where MentoringComplete comes in.
This completely web-based program doesn't require any server set-up or IT involvement on your end, and it's completely customizable to fit your company's unique needs, including the needs of busy mentors and mentorees.
Here are just some of its incredible features:
- Support for All Four Types of Mentoring Programs
- Precision Matching
- Intuitive, Role-Based Design
- Simplified Program Setup - Tailoring a Program to the Needs of an Organization
- Advanced Reporting
- Plus so much more!
Harness the power of MentoringComplete for your company.
Remember, executive mentoring is one of the most powerful and cost effective strategies in preparing your future leaders for the challenges of tomorrow. Don't let the value of your experienced senior managers leave with them!
Want to receive helpful articles like this one, straight to your inbox? Join our email list by clicking on the newsletter sign-up box on the right.