Indira Management Review

Chris Majer ¹, Vibhuti Jha ²

Affiliations
1 Human Potential Project (HP2), US
2 Summit Group of the Human Potential Project (HP2), US

Abstract

Today, in almost every sector of our society, we are facing a self-declared crisis of leadership. This cry is heard in newspapers, magazines, TV debates, and at dinner tables across the land. In the realm of business in particular, we seem to have a crucial need for leadership. When we look at our economic performance and compare ourselves with other countries such as Japan, China, and India, we often conclude that we have been losing ground and that over the last ten years our competitors have been doing better. At this moment we are contending with wave after wave of jobs moving overseas, the markets are whipping up and down and energy prices are rising at an unprecedented rate. As business leaders we are troubled by new announcements of once proud companies being sold, broken up or downsized. Underneath it all there is a nagging sense that something is not quite right as we face still more layoffs and plant closings, while profits go up. Some of this is clearly due to the changing nature of our economy, but we are nonetheless left wondering, who and where are the leaders of this new business world?

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Chris Majer ¹, Vibhuti Jha ²

Affiliations
1 Principal Architect of Change Management Projects for AT&T, Cargill, Microsoft, Intel, EDS, McKinsey & Company and Capital One, IN
2 Group of the Human Potential Project (HP2), IN

Abstract

The business world of today is changing at Internet speed. In a historical flash, we have seen organizations reengineered, flattened, and redeployed. We have witnessed the stampede to the Internet and the dot-com crash. The new economy is giving way to the next economy right in front of our eyes. The result of these economic forces is that hundreds of thousands of jobs have been eliminated, layers of management have been removed, and companies have repeatedly shifted strategy and focus. People at all organizational levels have been called on to take new initiatives and add responsibilities. Moreover, it now seems as if larger historical, technological, and economic forces are at work, and that the very concepts of job and organization as we have known them are on their way to the historical dustbin. In short, the old game of business is gone, and a new game has taken its place.

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