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. That way, the company will likely have on board the right leader regardless of the future that unfolds. A special danger lurks when a senior management team is clustered in a narrow age range. The potential for a rapid loss of the collective wisdom of the leadership group is high in those cases. The power to shape the long-term future by nurturing your present and potential leaders at every level lies in your hands.