It takes extraordinary leadership to grow an extraordinary organization. How do your leaders compare to world-class leaders? Do your leaders have the necessary skills to take your company to the next level in this uncertain economy?

Bloomberg reports today that the economy has hit a new low:

“The U.S. lost jobs for a fifth month and the unemployment rate rose by the most in more than two decades.”

With increasing global competition and economic uncertainty, today’s CEOs must ask themselves if their companies can thrive despite market changes. As your company grows and evolves and the market continues to shift, your company needs will change, and so to must your strategies for success. With educated workers leaving the workforce at a rapid base (as the baby boomers continue to retire) executive leaders need to look forward and ensure that they have the systems in place – corporate culture, talent management, leadership coaching – to maintain long term expansion, profitability and sustainability.

As Chief Executive magazine puts it:

“Everyone knows the proverb about finding opportunity in chaotic times. But what about lean times? In the traditional view, an economic downturn is something your business hopes to survive: hunker down, dial back on spending and hiring, and wait for the uptick that signals a return to business as usual. But surviving isn’t good enough, in lean times or anytime.”

Read the full article here.

What factors of your organization should you be looking at to ensure that you thrive in these rapidly changing times? Managing your talent pipeline and bringing up strong leaders. We offer the following suggestions for the development of your leadership pipeline:

• Identify the leadership requirements
• Outline the required and desired leadership behaviors
• Measure individual effectiveness
• Commitment to change
• Development of competencies

And remember, leadership is developed one leader at a time. For more information about how to thrive through strong leadership, even in economic decline, read our case study “Leading through decline and emerging to profitability“.

Technorati Tags: Executive Leadership, Leadership Training, Talent-Management