LEADERSHIP CHALLENGES

The paper outlines the main challenges for leaders to 2020 based on results of the combined research in the Czech Republic in 2014. Leaders and organizations haveto adapt to the new world. The research fully confirmed Kotler's statement (2009) that the most difficult challenges for leaders are turbulent environment and standing changes. Together with turbulence and change is closely connected innovation and flexibility. Hamel (2008) stated that the changes in management style are not as quick as the changes in the environment. Digital knowledge, increasing number of information and standing innovations put more and more stress on leaders and their capabilities. Turbulent environment, changes and new challenges create a new generation of employees, so called generation Y. The different approach to work, the different communication style and more emphasis on the balance between work and family life are the main characteristics of generation Y. Competencies and behaviour of future leaders needs to be changed. The paper suggests methods for leadership development based on the challenges mentioned above.