Managers must keep pace with changing technologies
Managers need to keep pace to keep up with the changing requirements of the marketplace, but there are some things that they must be prepared to do, including monitoring performance and monitoring costs.
The company’s management team is tasked with keeping the company on the cutting edge of innovation, keeping pace with new technologies and ensuring the company is on the right path to meeting the needs of its customers, the executive said.
The executive said the team needs to be able to quickly respond to any potential problems.
“The key to good leadership is to not lose sight of where the company’s core competency lies,” the executive added.
The chief executive, whose name was not disclosed, will be stepping down in September.
He will stay on as an independent consultant, and he will retain his duties at Denovo, a small, global technology company that makes lithium-ion batteries for energy storage and power plants.
The former executive will remain on the company as a director, and his advisory board includes former CEO John Venn.