Few business schools—particularly MBA programs or executive training programs—adequately address the importance of developing leaders.
Our recent economic problems going back to at least 2008 and some would argue, much further than that, have often been attributed to external events such as the market place, globalization or the rise of other economies. Few have suggested it may be the problem of competent management and even that management, as we have known it, may be obsolete.
Tremendous forces are radically reshaping the world of work. Economic shifts are redistributing power, wealth, competition and opportunity around the globe. Disruptive innovations, radical thinking, new business models and resource scarcity are impacting every sector.
From multiple perspectives, traditional business models and management practices are in deep trouble, and it has nothing to do with the recent economic downturn. There are three reasons why this is true.