A new book published In Leading Organizations: Ten Timeless Truths, the basic issues facing today’s leaders have been outlined in. The writers – Maty Meaney and Scott Keller-mare both senior partners at McKinsey. Talent recruitment and its further retention is now challenge number one for business leaders. Another major one is the management training for the existing staff. Creation of leadership teams, leading business transformation, managing performance, transition towards new leadership roles. Reducing the overhead costs which accrue long- term, decision making and team reorganization to ensure value capture are the other key challenges. Last but not the last of challenges is to hone company culture in a manner that it becomes a competitive advantage.

Source:https://www.mckinsey.com/business-functions/organization/our-insights/successfully-transitioning-to-new-leadership-roles

Uploaded Date:31st December 2018