Final answer:
Executive coaching is generally the best development approach for senior leaders due to its personalized and strategic nature. It allows for targeted skill advancement in transformational leadership, which tends to be more effective than transactional approaches.
Step-by-step explanation:
The most effective development approach for senior leaders can vary based on individual needs and circumstances but typically includes methods that focus on personalized and strategic skill advancement. Executive coaching is often considered the best development approach for senior leaders as it provides targeted, one-on-one training that can be tailored to the specific leadership style and professional goals of the executive.
Research, including that by Eagly, Johannesen-Schmidt, & van Engen (2003), suggests that transformational leadership approaches are often more effective than transactional ones. Senior leaders could benefit from executive coaching to develop these transformational leadership skills, which might be more impactful than broader options like conferences or university courses.
Additional development options that can be effective for senior leaders include participating in training seminars that are more focused and attending strategic meetings for skill development, as mentioned in the statement, "We never before had the opportunity to sit all together and discuss like this although it is the best way to promote the development of our community elder leaders". It's also advisable for leaders to seek out opportunities that can stretch their skills, such as special projects or volunteer opportunities.
Ultimately, senior leaders should explore professional development options and consult with others to determine the best course of action for their growth. Particular consideration should be given to opportunities that align with their current or future career aspirations and the skills they wish to develop.