Market Volatility Creates Need to Assess Executive Competencies Against New Challenges, Opportunities and Requirements -- Lisa Meier, CEO, Symphonic

CHARLOTTE, N.C. - Aug. 19, 2020 - PRLog -- As the pace of change accelerates across industry sectors and geographies, a growing number of organizations are reassessing the competencies of leaders to determine alignment with the radically new market realities imposed on organizations over the first half of 2020, according to Lisa Meier, CEO of Symphonic Leadership Partners, in a thought leadership interview for journalists.

"While the reassessment of executive talent advances a trend already underway with the digitization of the global economy, ensuring that executives are properly focused and equipped with the skills needed to navigate today's volatility will be a critical success factor for organizations of all sizes and all stages of maturity," Meier explains.

The analysis, says Meier, results in three non-mutually exclusive outcomes that can better position organizations to navigate the turbulent waters of the current economy, and lay a foundation for long-term sustainable success. When gaps are identified, leaders can be:

• Coached up to develop the new skills necessary to succeed;
• Supplemented with leaders who complement each other to address current requirements; and/or
• Replaced when they are not a match for current conditions with those who have proven experience in the markets and situations in which organizations currently operate.

The objective, explains Meier, is to ensure that there is a high degree of tight coordination and collaboration across the different disciplines of an organization to optimize the impact of decisions that have to be made during periods of rapid transition.

"When you move quickly on important issues, we often see unintended consequences that emerge from uncoordinated change management initiatives. Additionally, if organizational leaders are not on the same page -- or lack the experience and expertise to jointly manage those changes -- it can delay or derail the attainment of their strategic objectives," says Meier.

Organizations have an array of options on how to respond to the executive gap conundrum. They can bring on external consultants, engage the services of executive augmentation services, or bring on new full-time executives to replace existing leadership teams.

"There is no right or wrong answer about how to address the challenge," says Meier. "In large organizations there is probably a role for a wide array of leadership support. The critical question, however, involves establishing a leadership team with the experience and expertise to address current environments while moving constructively toward clearly defined directions."

Symphonic Leadership Partners, explains Meier, operates at that nexus point of this imperative.

"We contribute to the effective execution of operations by combining the value of all leadership resources. Our model of engagement is to leverage the multidisciplinary experience of the Symphonic team to support the strategic vision of clients and to ensure that their initiative is executed effectively across their entire organization," says Meier.

Symphonic is often brought in during periods of volatility -- from helping to manage mergers or acquisitions, to executing strategic transformation initiatives -- to work with leaders and boards of directors on establishing the right vision and operating procedures to support organizations until a new environment is in a mature state.

"Our executives have worked across the gamut, from startups and high growth mid sized companies to major fortune 500 companies. Our partners come from organizations like GE, Corning, Technicolor, UL and Dell. We have the experience and the change management credentials to help companies struggling to manage the tension between their long term vision and their short term performance," says Meier.

Symphonic has a deep understanding of the multidisciplinary implications of large change management initiatives and has developed an effective playbook for executing strategies that consistently generate successful results for organizations.

To listen in on the entire interview with Symphonic Leadership Partners CEO, Lisa Meier, visit:

https://bit.ly/2XYnBpu

About Symphonic Leadership Partners

Symphonic Leadership Partners is a multidisciplinary source of results-driven executives who help organizations accelerate the achievement of desired outcomes. Symphonic executives partner with clients -- across industries, geographies and company sizes -- to design, develop and execute business strategies that lead to success. Symphonic Leadership Partners are not advisers who provide opinionated options and walk away. Nor are they staff augmenters who tactically fill roles without contributing strategic value. Symphonic Leadership Partners are integral members of organizations' executive staff, applying a demonstrated track record of success -- and decades of experience -- to rapidly generate strategic gains in a cost-effective manner. To learn more visit: www.symphoniclp.com.