In today’s economy, wallets are shrinking while demands are increasing. It is the same at any company. As employees, we can no longer afford to only see things from our perspective. In order to excel and secure future promotions, we must develop the foresight and ability to read situations from the viewpoint of our supervisors or employers.
This means that aspiring managers must now be equipped with a wider range of skills and competencies.
Some companies may have the common practice of grooming suitable candidates for leadership positions. However, with the shrinking of budgets the number of candidates that a company may be willing to invest in would reduce. To add on to the reduction in funds, you could have many colleagues who are vying for the same promotion.
