The transition from the Industrial Age to the Knowledge Worker Age has results in four chronic problems faces by today’s leaders. These include:
1.Trust in leaders at historic lows. Just when the payoff for trust was never higher, we have many customers, hesitant partners, a cynical public, and suspicious employees.
2.Strategic uncertainly. Challenges that once took years to materialize now arise overnight; competitive advantages vanish, governments vie for capital and talent; and hyper-paced technological change means that someone on the other side of the world just turned your business its head.
3.An omnibus shortage of experienced leadership. In some countries, throngs of leaders are retiring, And other rapidly-growing countries lack qualified leaders. The result? Inconsistent execution, weak decision, missed opportunities, and unfilled employees.
4.The war for talent. Just when the right idea can change an industry, knowledge and creativity are at a premium – and totally mobile. People no longer satisfied with just showing up want to make a difference. The best people hire their employees, not the other way around. And the contribution they can make is more motivating than their paycheck.