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Exploring the future of startup leadership development

Leadership development (LD) is a crucial success factor for startups to increase their human capital, survival rate, and overall performance. However, only a minority of young ventures actively engage in LD, and research rather focuses on large corporations and SMEs, which do not share the typical s...

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Detalles Bibliográficos
Autores principales: Prommer, Lisa, Tiberius, Victor, Kraus, Sascha
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7500402/
http://dx.doi.org/10.1016/j.jbvi.2020.e00200
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author Prommer, Lisa
Tiberius, Victor
Kraus, Sascha
author_facet Prommer, Lisa
Tiberius, Victor
Kraus, Sascha
author_sort Prommer, Lisa
collection PubMed
description Leadership development (LD) is a crucial success factor for startups to increase their human capital, survival rate, and overall performance. However, only a minority of young ventures actively engage in LD, and research rather focuses on large corporations and SMEs, which do not share the typical startup characteristics such as a rather young workforce, flat hierarchies, resource scarcity, and high time pressure. To overcome this practical and theoretical lack of knowledge, we engage in foresight and explore which leadership development techniques will be most relevant for startups within the next five to ten years. To formulate the most probable scenario, we conduct an international, two-stage Delphi study with 27 projections among industry experts. According to the expert panel, the majority of startups will engage in leadership development over the next decade. Most startups will aim to develop the leadership capabilities of their workforce as a whole and use external support. The most prominent prospective LD measures in startups include experiential learning methods, such as action learning, developmental job assignments, multi-rater feedback, as well as digital experiential learning programs, and developmental relationships such as coaching in digital one-to-one sessions. Self-managed learning will play a more important role than formal training.
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spelling pubmed-75004022020-09-21 Exploring the future of startup leadership development Prommer, Lisa Tiberius, Victor Kraus, Sascha Journal of Business Venturing Insights Article Leadership development (LD) is a crucial success factor for startups to increase their human capital, survival rate, and overall performance. However, only a minority of young ventures actively engage in LD, and research rather focuses on large corporations and SMEs, which do not share the typical startup characteristics such as a rather young workforce, flat hierarchies, resource scarcity, and high time pressure. To overcome this practical and theoretical lack of knowledge, we engage in foresight and explore which leadership development techniques will be most relevant for startups within the next five to ten years. To formulate the most probable scenario, we conduct an international, two-stage Delphi study with 27 projections among industry experts. According to the expert panel, the majority of startups will engage in leadership development over the next decade. Most startups will aim to develop the leadership capabilities of their workforce as a whole and use external support. The most prominent prospective LD measures in startups include experiential learning methods, such as action learning, developmental job assignments, multi-rater feedback, as well as digital experiential learning programs, and developmental relationships such as coaching in digital one-to-one sessions. Self-managed learning will play a more important role than formal training. Elsevier Inc. 2020-11 2020-09-18 /pmc/articles/PMC7500402/ http://dx.doi.org/10.1016/j.jbvi.2020.e00200 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Prommer, Lisa
Tiberius, Victor
Kraus, Sascha
Exploring the future of startup leadership development
title Exploring the future of startup leadership development
title_full Exploring the future of startup leadership development
title_fullStr Exploring the future of startup leadership development
title_full_unstemmed Exploring the future of startup leadership development
title_short Exploring the future of startup leadership development
title_sort exploring the future of startup leadership development
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7500402/
http://dx.doi.org/10.1016/j.jbvi.2020.e00200
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