The shortage of younger workers for the foreseeable future must be accompanied by steady improvement in every process throughout your company. The success of the quality movement of the past three decades is readily apparent when one walks through a modern manufacturing facility or sees employees seamlessly linked together electronically. Creativity is a prized attribute. In the future, it will take on more significance as companies in every industry must focus on mass customization rather than the mass production approach of the past. Customers will demand unique solutions to their problems and needs, not merely a range of products or services they might buy.
Businesses change so rapidly that training employees is an imperative, ongoing requirement.
This nurturing focus promises that, as markets, processes and business conditions change, your company will be ready to respond rapidly and embrace the new challenges. Grooming multiple successors. When looking beyond your departure, the best situation is one in which you have systematically groomed a number of potential successors, each with broad experience and unique skills. Leaders thrive in circumstances where their particular leadership qualities are called for. Since it is not possible to foresee which leadership qualities might be needed a decade or more into the future, it is incumbent on you to nurture leaders with different strengths.