{"id":5599,"date":"2023-05-26T14:50:51","date_gmt":"2023-05-26T14:50:51","guid":{"rendered":"https:\/\/www.iese.edu\/standout\/?p=5599"},"modified":"2024-04-22T06:15:14","modified_gmt":"2024-04-22T06:15:14","slug":"time-executive-invest-training-education","status":"publish","type":"post","link":"https:\/\/www.iese.edu\/standout\/time-executive-invest-training-education\/","title":{"rendered":"How much time should an executive invest in training?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css=&#8221;.vc_custom_1559140963143{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column css=&#8221;.vc_custom_1559216895048{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text]<a href=\"https:\/\/www.iese.edu\/standout\/how-to-plan-like-ceo\/\">Good <\/a><a href=\"https:\/\/www.iese.edu\/standout\/how-to-plan-like-ceo\/\">handling<\/a><a href=\"https:\/\/www.iese.edu\/standout\/how-to-plan-like-ceo\/\"> of the management agenda<\/a> is paramount to lead any company towards great success.<\/p>\n<p>And within this planning, <strong>investment in training should be a fundamental <\/strong>part of the weekly distribution of CEOs&#8217; tasks in order to achieve the proposed goals. And even more so in a world that, in the coming years, will take a considerable turn towards the automation of many tasks that today are still done by people.<\/p>\n<p>Some studies suggest that managers should devote <strong>at least 5% of their time to training and learning<\/strong>. In concrete terms, this could mean around 100 hours per year, which is equivalent to two hours per week. Other studies recommend doubling this figure for maximum results.<\/p>\n<p>It is worth noting that training does not necessarily have to be face-to-face or during working hours. We are also talking about <strong>books, podcasts, online conferences, and blogs such as <\/strong><a href=\"https:\/\/www.iese.edu\/standout\/\"><strong>StandOut<\/strong><\/a><strong> or <\/strong><a href=\"https:\/\/www.iese.edu\/insight\/\"><strong>IESE&#8217;s Insight<\/strong><\/a><strong> portal<\/strong>. These formats are much more adaptable to different needs and schedules while simultaneously being extremely relevant and completely focused on the professional and personal development of the manager.<\/p>\n<h2><strong>Where does a CEO find the time for training?<\/strong><\/h2>\n<p>To be a good leader, it is important to know how to <strong>delegate and motivate the team<\/strong> so that it can function autonomously and <strong>execute the planned strategy efficiently<\/strong>. It is precisely thanks to this type of intelligent team management that top managers and CEOs can focus on other tasks such as <strong>training<\/strong>, which in turn will allow them to <strong>gain more time<\/strong> in the long run and learn how to <strong>develop new strategies<\/strong> that successfully adapt to different business paradigms.<\/p>\n<p>In fact, if we consider that a manager should spend <strong>an average of 30% of his or her time defining the strategy and the remaining 70% implementing it<\/strong>, training should be included in this first 30%.[\/vc_column_text]<div class=\"clearboth\"><\/div><style>#thegem-divider-69f8b48c36c6d {margin-top: 80px !important;}<\/style><div id=\"thegem-divider-69f8b48c36c6d\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_single_image image=&#8221;5592&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;]<div class=\"clearboth\"><\/div><style>#thegem-divider-69f8b48c36caf {margin-top: 50px !important;}<\/style><div id=\"thegem-divider-69f8b48c36caf\" class=\"gem-divider  \" style=\"\" ><\/div>[vc_column_text]<\/p>\n<h2>Other tips for investing more time in management training<\/h2>\n<p>The list of <strong>benefits <\/strong>of continuous learning is long, but the reality is that day-to-day business often takes over the manager&#8217;s agenda and, because it is not considered urgent, <strong>training<\/strong> is often put on the back burner.<\/p>\n<p>Here, we share some additional tips that can help senior managers set aside more time for training:<\/p>\n<h3><strong><span class=\"subrat\">1.<\/span> Set clear objectives for growth in key areas<\/strong><\/h3>\n<p>For example, if you set a goal to improve communication or leadership skills, it will be easier to seek out and justify the need for specific management training in those areas.<\/p>\n<h3><strong><span class=\"subrat\">2.<\/span> Include training in your agenda<\/strong><\/h3>\n<p>Including management training in the weekly or monthly agenda and establishing a set schedule can help ensure that sufficient time is devoted to this activity.<\/p>\n<h3><strong><span class=\"subrat\">3.<\/span> Attend events where you can continue to learn<\/strong><\/h3>\n<p>Participating in conferences, seminars and workshops can be an excellent way to continue to progress as a leader by gaining new ideas and expert perspectives.<\/p>\n<h3><strong><span class=\"subrat\">4.<\/span> Integrate training into the company culture<\/strong><\/h3>\n<p>Encouraging continuous learning as a key element of the company culture also helps motivate the entire organization to <a href=\"https:\/\/www.iese.edu\/standout\/training-teams-company\/\">invest more time in training<\/a>. This makes it easier to get more resources to help employees develop their skills and knowledge.<\/p>\n<h3><strong><span class=\"subrat\">5.<\/span> Boost networking<\/strong><\/h3>\n<p>Humans learn more, both in quantity and quality when we interact with each other. Therefore, a fundamental factor to ensure the continuous evolution of the executive is to have access to specialized <a href=\"https:\/\/www.iese.edu\/standout\/networks-leverage-build\/\">networking<\/a> groups: a place where top-level business leaders can create positive and lasting relationships with other CEOs, collaborators or stakeholders.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>In <a href=\"https:\/\/executiveeducation.iese.edu\/\">IESE&#8217;s Executive Education programs<\/a> you will find different types of training with formats carefully designed to adapt to the complicated agenda of executives, at any stage of their development by focusing on the areas in which they need to improve.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1559140963143{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column css=&#8221;.vc_custom_1559216895048{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}&#8221;][vc_column_text]Good handling&#8230;<\/p>\n","protected":false},"author":4,"featured_media":5595,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,114,8],"tags":[64,36],"class_list":{"0":"post-5599","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-general","8":"category-general-es-3","9":"category-senior-executives","10":"tag-executive-education","11":"tag-learning"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How much time should an executive invest in training?<\/title>\n<meta name=\"description\" content=\"For executives, investing in training and education is essential for leading any company to success. 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