Why spend money on training the leaders in your organization? It’s a lot work, a lot of money, and a lot of time. It’s not even guaranteed that you’ll get anything out of it. Still, without giving some guidance to your executives and corporate leaders, your company is more likely than not to flounder – especially in the long-term. Here are three reasons why you should train your business leaders:

It Brings Out Your Teams’ Best Talents

There’s something almost magical about training your business leaders – leadership development can help your team thrive. Likewise, bringing out your teams’ best talents encourages new leadership to develop. How is this all possible?

Well, when you build a culture in your company that is oriented around nurturing growth and development, people who are “natural leaders” in potential-only eventually grow into actual leaders. So, how do you do this? For starters, try magnifying the smallest voices in your company. It’s common for the loudest people in the company to attract all the recognition.

But sometimes, the quiet folks have really great ideas – the introspective people who do more thinking and less socializing. For example, let’s say you regularly adopt ideas from your general manager because he’s really creative. While you shouldn’t discourage that behavior, what if you polled ideas from the bookworms in your office?

What about the person who never speaks up in company meetings? Does he really have nothing to say, or is he just shy? Some people are legitimately afraid to speak up – especially if they’re used to work environments where sharing ideas either isn’t encouraged or isn’t allowed.

Another way to bring out the best talent in your organization is to look beyond your own personal biases. Maybe you favor a certain type of personality. You don’t like conflict. But maybe conflict is just what you need to “bounce” ideas back and forth. Listen to what everyone in your organization has to say. Set up a system for idea submission – make it easy for people to voice their opinion. Then, read every submission. Ask questions of your staff. Dig deeper to find out why they think their ideas are good. You might be surprised by what you discover.

It Aligns Your Strategy

Training leaders in your organization can help better align your business strategy. If all you do is rely on the same ideas from the same people in your organization, you might find yourself being pulled away from your company’s core values and purpose. How? Let’s say that you really value a particular person’s opinion, so you always ask for it on important matters.

The problem is that this person doesn’t see all of the information and data you see. You’re pretty sure you can temper his ideas and keep things objective, but the reality is that your perception is altered by his ideas over time. Pretty soon, you find that you aren’t being objective – you’re more open to persuasion and influence than you thought you were.

By getting a mix of ideas, and specifically ideas that focus on the company’s core values and purpose, not only is your long-term strategy aligned, you get a steady stream of new and fresh ideas so that your business doesn’t grow stale.

You Can Focus On The Long-Term Profits

Long-term profits are ultimately derived by long-term thinking. Good long-term thinking is always the result of nurturing your best talent within the company – those people who add real value to the business. Remember, your managers will eventually retire. Who will replace them? Someone from the outside, who isn’t familiar with the company’s culture, or someone from the inside whom you’ve been grooming for the position? If you want your company to survive, keep nurturing talent from within.

Andrew King is an HR director. He loves to share his best tips for training future leaders on business blogs.

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