Mentor the Next Generation

Launch New Leaders

As businesses grow, we must work to identify and equip new leaders who can move into new horizons. As the Dean of the Business School at Wake Forest University, Steve, retired Chairman and CEO of PepsiCo, Inc., dedicated himself to identifying and mentoring future leaders. In this video, he shares his thoughts on the importance of developing leadership through mentoring.

Steve how he helped his students to find the vocation that they would be most suited for—both in passion and in practice. The same holds true for identifying and equipping new leaders in a company. In order for them to succeed, they need to know what they’re good at and what they have a passion to do. As a leader, you have to help them find their fire.

Do you have processes in place already to identify and equip new leaders in the company? If so, what are they?
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How can you begin today to look for potential in your people to become new leaders?
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Steve emphasized the role of honesty in conversation with potential leaders. Can you be frank with people you want to equip to lead? If not, why not? What would have to change so you can have an honest conversation?
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When preparing a business’s new leaders, it’s crucial to have honest conversations. When a relationship of honesty takes hold, you can work to identify the particular skills and passions of potential leaders and launch them into a role where they will succeed. As you look to equip a new generation of leaders for the bright horizons of business, remember to maintain honesty and passion.

For more insights from Steve Reinemund, check out the full course The Brave New World of Business

This post was made in cooperation with the Soderquist Leadership. For more great content, visit their website here.