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The greatest challenge for any manager is certainly managing a change. It involves not only a great resistance from employees but also a personal challenge of remaining open-minded and expanding their own horizons and angles of perception. It is not a secret that only a business that constantly improves, changes, expands and evolves can remain competitive. We live in the age of information that allows changes to happen rapidly at higher and higher rates than they were happening a decade ago. Technology evolves and unveils itself at an incredible rate integrating itself into our everyday lives and our businesses. The ways companies conduct businesses, therefore, change very day. The biggest challenge for managers in this is staying up-to-date with current/new theories, techniques and technology not to miss out on the next opportunity to gain the edge.
I read that successful CEOs read up to 60 books every year. Sadly, the lower levels of management do not read or research and depend solely on the vision and direction from above remaining stagnant in their minds.
Keeping his team on your his side, through the good times and the hard times