The onset of rapid changes in the business environment, the VUCA (Volatile, Uncertain, Complex and Ambiguous) world and globalisation are putting more challenges before the business leaders than ever before. While in Emerging markets, growth opportunities exist, the CEOs/CXOs and other business leaders are constantly working on finding out more innovative ways to strengthen competitive edge as well as sustain it; in the face of ever-increasing stakeholder expectations.
The complexties are not only from the industry eco-system, but also from allied areas. Connected world brings different set of issues. An impact in one industry creates ripple in other sector. Senior leadership need to prepare themselves for contingencies in terms of People, Processes & Products.
Unfortunetely, old rules of the games are not always good for these uncertainties. Neither you can assume your current set of senior management is equipped to handle all such issues erupting in the organisation, we need to have some new ways of managing these situations. The top management should take a pause and reflect on their own skill sets vis-a-vis business plan needs.
This analysis & insight may result in to gap understanding and that may needs Experts in various domains for specific business needs. Each situation may be unique but might have been faced by someone in the business world earlier in some other organisations. There are options now available to take the guidance from senior executives who are willing to share their learnings with other companies without compromising on confidentiality of their existing organisations. Initiatives like On Call advisory by “Get Me Experts” can help any organisation who is looking for quick support either from Independent Experts or from Practicing Executives.