In the past, offering executives leadership training was an expensive proposition. This meant only a handful of employees were able to participate. But what if you blew that model up? If you could lower the. cost, you could increase the number of employees being trained to excel. The result: a broader and more diverse group of up-and-coming corporate leaders. This is exactly what ExecOnline's CEO and co-founder, Stephen Bailey, has done. His company partners with top business schools and offers their material online to nearly half of all Fortune 500 companies.

In this episode of Leadership Next he tells Alan Murray and Ellen McGirt why he started ExecOnline. The three discuss how the responsibilities of corporate leaders have changed, and what it takes to be a successful leader today.