Market conditions are changing. There's a shortage of talent, regulation is increasing, and competitive forces are on the rise. How should firms position for the future when many have just experienced their most profitable year? What is the motivation to change?Advancements in technology and retiring Baby Boomers must also be considered. How do firms transform, and what are the steps that great leaders go through to ensure success? Paralysis often comes from having too many senior partners and not enough great leaders.
Firms of all sizes face these same issues. Organic growth or growth through mergers seem like answers to some. While it is true that firms cannot retain and attract quality people without growth, this is only part of the solution. Let's look at the steps leaders must follow in order to transform their firms and position them for significant growth.
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