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The fundamental skills leaders need to master include creating vision, leading teams, driving for results, and managing performance have not changed from the past. The aim of this paper is to explore the development of the next generation of leaders.

The bigger issue is that the majority of next generation leaders are just not ready and do not have the skills necessary to lead. This emphasizes the strong need for clear succession plans and a proactive emphasis on the development of high potentials and emerging leaders.

At the executive level the most commonly used development strategy is executive coaching.

Given the changing workforce demographics with the large number of Baby Boomers entering retirement and the pace of change organizations face today, the development of high potential and emerging leader talent pools is vital. Development is more important today than it has been in the past to attracting and retaining talent within organizations. Critical thinking skills and leadership skills such as leading change, creating vision, engaging others top the list of skills imperative to success.