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Leadership DevelopmentThere is no one answer to developing leaders. The term "Leadership Development" is an Evolution unto itself; it is constantly changing as businesses evolve, new competitors arise and new business models are developed. In today’s world, leaders must have a myriad of skills including but hardly limited to:
The cost of replacing a key leader is roughly estimated at 3 to 4 times the leader's salary. When a key leader leaves an organization, the loss is felt in many ways including momentum loss and loss of corporate knowledge. Today organizations must focus on identifying, developing and retaining key leaders.
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