The leader’s new clothes

From $7 billion to nearly $14 billion.

That’s how much the spend on leadership training by American corporations grew over the preceding 15 years, according to Kaiser and Curphy in their 2013 paper Leadership development: The failure of an industry and the opportunity for consulting psychologists.

Over that same period we witnessed the bursting of the dot-com bubble, the implosion of Enron, and of course the Global Financial Crisis. While the causes of these unfortunate events are complicated, our leaders were evidently ill-equipped to prevent them.

Despite the billions of dollars’ worth of training invested in them.

For a long time I felt like the child who could see the emperor wasn’t wearing any clothes. Then Jeffrey Pfeffer visited Sydney.

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