| Question: what are the three biggest challenges faced by
general managers today?
Here the most key concerns in order of importance.
1. Motivation of people. There is a big difficulty in
motivating staff and teams these days, a need to have motivated and
loyal people in order to have a successful business. Staff is
over-stretched. There is also a big worry about how to find and
retain the most talented people.
2. How to achieve growth in a shrinking market.
3. Vision & strategy. Values, defining the future of
the company, inspiring others.
4. Managing change. In the market, in the economy and in
consumers patterns.
5. Innovation. How to foster a culture of innovation, find
ideas and develop innovative products.
6. Globalisation. The world continues to be more
interconnected, actions taken in one country can have quick and
severe implications on another. How is this managed?
7. Uncertainty. Managing organisations in the current
economic situation and in face of disruptive events.
8. How to achieve an equitable work-life balance.
9. Customers. How to retain and attract new customers. The
customer is king, so how can a customer-centric culture be
created.
10. Complexity. There is an enormous amount of information
available and it is difficult to discern what is essential. No one
wants to loose opportunities.
11. Information technology. Organisations are increasingly
dependent on information and information technology. How is this
process managed now and in the future?
12. How can short-term needs of profit be balanced with
long-term objectives?
13. Social responsibility - corporate governance, understanding the
importance of company ethics and the legal issues.
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