When any employee decides to leave their organization, it often creates a ripple effect and leaves a lasting impact. Depending on the roles and responsibilities of the person, their exit can leave teams stranded, overworked, and sometimes, simply directionless. Now, imagine the impact that an executive leader’s exit can have on the organization if it has not prepared to fill that role with the right person!

In the last few years, businesses everywhere have been witness to plenty of live demonstrations on how change is the only constant. Today’s world of business is marked by unprecedented challenges, a constantly shifting global economy, and the rise of technology. To survive such fast-paced change, traditional styles of leadership are no longer relevant. Modern-day leaders have to be equipped with a diverse armory of skills, capabilities, and traits. Change is undoubtedly about adaptability and today’s leaders need to be able to adapt to meet the various demands of this volatile, uncertain environment.

At the end of every year, businesses celebrate profits, examine losses, set goals for the future, and look at the opportunities that lie ahead. In the midst of it all, there is another aspect that requires a year-on-year check – organizational culture.