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OKVetWorksNewsletterJune 2022D-Day - June 6, 1944Inside this issue:3 Reasons to Invest in LeadershipDevelopment Why Veterans are Ideal Entrepreneurs Veterans Salute - Tyler Media
Thank you! Thank you! Thank you!THANK YOU FOR SERVINGOKLAHOMA VETERANS!THANK YOU!A very special THANK YOU to Tyler Media for all of the radio ads, billboards, and social media posts for 15veteran owned businesses! These ads were simply amazing and the Tyler Media staff were absolutelyawesome! We are looking forward to working together more in the future! THANK YOU!Thank you Piedmont Area Veterans Association for hosting VetFest 2022! This open to the public eventfeatured over 25 veteran owned businesses! I can;t tell you how many people we spoke with but I will say thatwhen I got home I crashed on the couch for a while. THANK YOU!Tinker AFB and VOBC for hosting another Boots to Business class. This was the first class to be conducted atTAFB in quite a while. We had 21 attendees and many have reached out for further assistance. The next B2Bclass at TAFB will be held August 4-5, 2022. Hope to meet several more!ODVA also hosted another Boots to Suits class in OKC. This class took place over a 3 Monday span that coveredeverything from business plans to marketing to financing your business. The 45th Infantry Division Museum is opening its doors to veteran owned businesses on June 6, 2022 from10:00am-2:00pm for a special networking event. More information inside the newsletter. We are constantly looking for events and venues to participate in and support veteran owned businesses. Ifyou know of any upcoming events in your area please reach out and let us know. East Central hosted their annual Upward Bound Military Appreciation day May 19, 2022 that was simplywonderful. Many were in attendance and several businesses were present to support the military. Hope tosee you there next year!
3 Reasons to Invest in LeadershipDevelopmentWhy Is Leadership DevelopmentImportant?Independent studies by the Conference Board, Bersin by Deloitte, HR analytics experts McBassi & Company, and our ownresearchers consistently reach the same conclusion: Leadership development is one of the most pressing issuesfacing organizations today.Why is leadership development so important? Because it represents a great chance for organizations to seize acompetitive advantage in their industries.If your business commits to developing its leaders, you can expect to gain a significant competitive advantage byimproving the bottom line; attracting, developing, and retaining talent; driving strategy execution; and increasing yoursuccess when navigating change.Our data backs this up. When we surveyed more than 5,000 program participants around the world — as well as 8,765 oftheir colleagues — 99% of the participants surveyed said they achieved success on their target goals related tocommunication, self-awareness, implementing change, and other areas.A whopping 97% also told us:The program better prepared them for future leadership responsibilities.Lessons learned were relevant to their leadership challenges.Colleagues who went through one of our programs were able to translate what they learned into organizationalimpact, especially when it came to management capabilities, overall effectiveness, cross-boundary collaboration, andopenness to diverse perspectives.
Leadership Development Leads toSustained SuccessSo why is leadership development important? According to the research, leadership development enables organizationsto do the following 4 things that drive sustained success:Improve bottom-line financial performance.Attract and retain talent.Drive strategy execution.Increase success in navigating change.Improve Bottom-Line Financial PerformanceCompanies that rate highly for their investments in human capital deliver stock market returns 5 times higher than thoseof companies with less emphasis on human capital. Leadership development builds capacity to reduce costs, drive newlines of revenue, and improve customer satisfaction.Attract, Develop, and Retain TalentLeadership development boosts employee engagement, increases the organization’s ability to deal with gaps in thetalent pipeline, and reduces the headaches and costs associated with turnover. Great leaders attract, hire, and inspiregreat people. A manager without strong leadership skills will struggle to attract and retain high-performing employees.In addition, it’s often significantly less expensive to develop, coach, and promote people internally over the long run thanto hire someone externally, which makes leadership development a good investment.Drive Strategy ExecutionEffective leadership development isn’t development for its own sake. Organizations need a leadership strategy thatclosely connects with the business strategy and equips employees with the leadership skills needed to implement it.Leadership development allows organizations to shape the culture and strategy of the business.In the words of The Conference Board: “Leadership development has enormous power in both shaping and changingthe culture and strategy of business. Developing, coaching, and promoting people internally is significantly lessexpensive than the costs typically required to hire someone externally.”Increase Success in Navigating ChangeLeadership development increases people’s ability to lead in a disruptive world. When organizations look beyonddeveloping senior executives and high potentials to unlock the full potential of their talent pools, agility is magnified.Leadership is notan expertise... Leadership is aconstant education
The Power of LeadershipDevelopment to Attract and RetainTalentAccording to the Bersin by Deloitte report High-Impact Leadership Development, organizations with stronger“leadership maturity” are 11 times more likely to have a high number of leaders who can build talent for competitiveadvantage. And they’re 7 times more likely to have a high number of leaders who can inspire people to follow them.Watching talented people walk out the door causes tremendous expense for organizations, from morale, advertising,recruitment, and relocation costs, to time spent training new employees.Unfortunately, the report found that capable leadership talent is very rare. Only 60% of leaders in organizations showcommercial acumen and business judgment; 48% are seen as driving change and innovation; and only 44% buildtalent for competitive advantage.Sophisticated leadership development programs develop a deeper, richer pipeline of talent, which is why organizationstoday are seeking to unlock the full potential of their talent pools at all levels.
June History6/6 D-Day Invasion (1944)6/12 Women’s Armed Services Integration Act (1948)6/14 Flag Day US Army Established (1775)6/22 Pledge of Allegiance Recognized by Congress (1942)/GI Billed Signed Into Law (1944)6/25 Korean War Began (1950)6/30 Post 9/11 GI Bill Signed Into Law (2008)
Oklahoma Veterans Registry Pursuant to Senate Bill 415, effective November 1, 2021, all new applicants for sales taxexemption based on a veteran’s 100% service-connected disability status are required toregister in the Oklahoma Veterans Registry to verify eligibility. Veterans (and survivingspouses) previously awarded sales tax exempt status prior to November 1, 2021 mustregister in the Oklahoma Veterans Registry no later than July 1, 2023 in order to remaineligible for the benefit of sales tax exemption. If you have not already registered, please do so immediately to avoid a delay or suspensein this important state benefit.The Oklahoma Veterans Registry can be accessed at the following link:https://registry.odva.ok.gov/registrationOrganization website:https://farmvetco.org/OKLAHOMA FARMER VETERAN COALITIONFACEBOOK PAGE:https://www.facebook.com/Oklahoma-Farmer-Veteran-Coalition-364781214647565MORE INFORMATION CAN BE FOUND ON THEFACEBOOK GROUP -- ODVA - AGRIVETShttps://www.facebook.com/groups/320254119331767
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