The answer to these questions will give you a list of critical leadership competencies that you need, because without them you are uncertain of reaching your financial or organizational goals. Experience has taught us that the number of competencies that can be developed over a period of two years time frame is somewhere between 10 and 15. There are many factors that impact the exact number and it also depends on how your organization currently embraces existing competencies, and the knowledge and capability of your organization’s leaders to execute them.

• First, identify a current or future business project, initiative or activity at work.

• Determine which leadership competencies would be critical to the success of the project.

• Determine what percentage this leadership competency has on the successful outcome of the project.

• Then track, benchmark, measure progress every 3 months (or in a shorter time frame if it is a short term project) on both the initiative itself, and the leadership results.

• Determine the financial impact, at the completion of the project by identifying the revenue and/or expense savings. Finally, assign the pre-determined percentage to determine the leadership impact on the total financial results.

With this methodology, it’s easy to see if you are on track with a project and to track leadership progress as well as measure results.

In summary, it is imperative that we measure the value of leadership in our organizations. We must focus on what we do as leaders as well as what we deliver. We must build value through our leadership competencies that align with and help accomplish strategic goals.