Executive Half‐Life

Executives today are bombarded on all sides by the need to adapt and keep up to date with constantly changing information and work. This need is necessitated by the rapid and often violent thrust of technological change. The information explosion and dynamic changes stimulated by the “knowledge revolution” all take their toll of today's managers. No managerial function appears immune to these factors. Personnel, industrial relations, and training managers are faced with many new employment, training, redundancy and safety Acts, not to mention the ever‐increasing demand for industrial relations skills to cope with the fluctuating attitudes and aspirations of the workforce. Production, research and development, maintenance, transport and work study people are faced with tremendous technological advances and numerous regulatory procedures. The financial managers have to cope with many new and developing accounting procedures (e.g. inflation accounting), in addition to the many changes in taxation, company law and the ever‐increasing fluctuation in the monetary markets.