This is because they believe that the trainings that they give would be beneficial not only to their individual employees but for the betterment of the company in general. Leadership development is very important for a company because it helps the employees and its leaders to be updated on how to make the company stronger in terms of strengthening its human resources. When evaluating yourself, you need to be your own worst critic. This is mostly because most other people are not as forgiving of your own faults. Having a faulty high opinion of oneself is a recipe for disaster everyone's heard of the arrogant boss or supervisor. You should identify your personal shortcomings before your subordinates do and do something about them. A bad leader or manager can be a disaster for a company. Employees should be able to believe that their superiors are looking out for their well-being and that they are competent. Bad leaders lower this confidence and wrecks the relationship between employees and management. b) Lowers Employee Loss - One of the advantages of having high employee happiness is that they are less prone to leaving. To be able to overcome these issues and emerge as a better leader, you must: - Forgive yourself and let the past go. Experts say that many people have the great potential to become effective leaders only that they cling on so much to the past and couldn t forgive themselves for the mistakes that they have committed. This is where you tally up the costs in money, time and dedication that you have to put into it. Reschedule your business time and budget your money. This way when it starts you don't have to worry about anything. e) Action Phase and Post-Action Assessment Now, you've done all of that, it's time to get it done. This is because it's been a proven way to get an internal pool of talent for running a company. This is a lot cheaper than going outside of the company to headhunt a professional manager. The problem is that like all types of educational programs, leadership development isn't an automatic solution. There need to be several factors in play for it to work the way it's supposed to.