In business, creating a five-year strategic plan was often the norm as revenues and expenditures were carefully forecast for the upcoming years. Of course, there were unknowns, but all in all everyone was operating in a fairly well understood time. Now the entire script has changed. In a world where 500-year floods now come every 10 years, and a pandemic turned global economies upside down, the only thing certain is upcoming uncertainty.
With these turbulent times, the very survival of each company will depend on the leadership skills of the CEO, senior executives, and operational managers at each venture. The comfortable business as usual model that prevailed over prior decades will not withstand the difficult road ahead. Each executive and manager need to carefully evaluate their existing expertise and learn new skills that they can use to successfully lead their company through the challenges to come.
