How do market-leading companies stay at the forefront of change? By reinventing themselves says Michael L. Tushman, faculty chair of Harvard Business School Executive Education's Program for Leadership Development (PLD). This issue explores how PLD can help companies fuel a powerful pipeline of visionary leaders, and examines a proven strategy for reaching fair agreements in tough negotiations.

Winning companies know that innovation is all about reinvention--renewing a business, a process, an organization, or a product line. But most important, it's about reinventing yourself. "The Program for Leadership Development is based on the notion of personal reinvention," explains PLD faculty chair Michael L. Tushman. "You can't renew your organization if you're not prepared to renew yourself." In this recent Q&A, he delves into the many ways that ongoing leadership development can build next-generation leaders who drive innovation streams and sustain competitive advantage. Read more.

An accelerated alternative to an executive MBA, PLD helps companies transform high-potential managers into visionary leaders. You'll take a deep dive into the fundamentals of cross-functional management and resurface with a broader view of your business and the marketplace--and with a personal action plan for advancing your career and organization. Learn more and apply.

How can negotiators who want to be fair ensure that the other party will be reasonable? That question inspired the authors of this Harvard Business Review article to develop the "final-offer arbitration challenge”—a proven strategy for reaching fair agreements in legal disputes, contested insurance claims, and other adversarial negotiations. Read more.

As your career progresses, you may need to lengthen the timelines on your projects and converse more with your boss about strategy instead of execution, writes Danielle Merfeld, a technology director at GE Global Research. Embrace the role of a coach and encourage others to become coaches themselves.

To bring any idea to the marketplace requires not just an original product or service, but the commitment to do the work even when it's not glamorous, writes Valeria Maltoni. Instead of rushing ahead with a project, Maltoni counsels leaders to give themselves the time and space they need to tweak their product or service and allow for creativity.

Work conflicts can be fixed quickly when empathy and forgiveness are emphasized, according to a study. Offering forgiveness to a transgressor who seeks it can help to resolve the bad feelings that arise from conflicts, said Gabrielle Adams, an assistant professor at London Business School.

Becoming a leader means you have to decide what your new priorities are, and whether the promotion is worth the change in roles, says Teri Carstensen, president of bank solutions at Fiserv. "Are those requirements of the next role things I like and want to do, or am I just taking that job because I want an increase or a different title or something different?" she says.

If you want to be a leader, it's important to begin acting like one before taking on more important roles, says Herminia Ibarra, a professor of leadership at the INSEAD School of Business. Three things to focus on include being innovative in a current position, broadening a network of industry connections and trying new things.

Harvard Business School Executive Education offers more than 80 open-enrollment programs, taught by world-renowned faculty using the HBS case study method. Immersed in a dynamic learning environment, top executives from around the world work together to address current issues and anticipate future challenges. Senior executives emerge with the global perspectives and strategic skills to drive higher performance and deliver greater results throughout their organization and their career. Learn more.