According to the article, The 21st Century HR Executive, John Johnson states that knowledge is the most vital asset to every company, organization, and corporation. The 21st century executive must be a thinker and act upon his thoughts and ideas. He must be able to meet the requirements of the top-level HR posts. The executive has no limitations and must be prepared to work in a global marketplace. Based on a study that was conducted, it was found that some of the bigger corporations prefer to select their executive internally rather than externally.
Many firms believe that formal training is a benefit to the company.
It can make managers realize the environment around them is changing and make them aware of the changes they will need to make to be 21st century leader. The problem with this is that the changes are occurring at such a rapid pace that it is hard to keep up and no one knows what the future holds. This is why managers need to be ready to listen to ideas and keep an open mind about new changes. Most senior and executive managers strongly support their major change projects, but many fail to take the proper steps to communicate that support. As we begin to enter the 21st century we are becoming a world that is constantly changing and always on the go.