Why, when everybody knows that leadership and management development (LMD) is unlikely to produce measurable improvement in workplace performance, do CEOs spend more than $40bn pa on it?

Robert Terry argues that there are five conspirators in The Great Leadership and Management Development Conspiracy – participants, training providers, training buyers, line managers, and organisations – each providing mute endorsement for the others. And each serving to perpetuate an untenable squandering of scarce organisational resources.

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