In the emerging economic context, professional organizations require leadership, strategy, adaptability, and coordination on a scale never before imagined. In this regard the major challenge is how to develop organizational capabilities among the senior and top management for the purpose of coping up with the complex and dynamic business realities. A great organization has the capability to align quickly with the internal processes and external pressures. The concern with how best to cope with these challenges is evident by the success of numerous popular management books including “Blue Ocean Strategy”, “Built to Last”, “The fifth Discipline” etc. The common theme in these books is organizational capabilities of professional managers. So organizations need managers with a very high leadership potential for designing and transforming a business enterprise for sustainable profitable growth.”
