"…The single most critical issue that will harry business into the new century is not the impact of the internet, nor technology and nanosecond change, nor the depletion of clean air and water…but executive talent (Crainer & Dearlove, 1999).

This is predicted to last for five decades and companies around the world will be scrambling to find qualified managers and executives. The turnover rate of senior executives has quadrupled since 1996. Forty-two percent (42%) of new executive hires fall within the first 1.5-2.5 years on the job. These CEOs are terminated due to their inability to deliver desired results mandated by investors who wrestle with fundamental changes caused by technology advancement, intense competition and e-commerce (CNN, May 18, 2005)...

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