WAVE 3 Editorial - September 4: Leadership Through Change - wave3.com-Louisville News, Weather & Sports

WAVE 3 Editorial - September 4: Leadership Through Change

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By Ken Selvaggi
WAVE 3 Vice President and General Manager

Two-thirds of the Fortune 50 companies have fallen off the list in the last 25 years.

Only 15 of the top 100 businesses at the beginning of the 20th century made it to the 21st century.

Clearly, businesses that face, master and direct accelerating change survive and those that don't perish.

Stands to reason that the federal government must be agile enough to deal with these changes as well or our country as we know it at the turn of this century will be unrecognizable at the turn of the next.

We surely cannot sustain more than doubling our military spending, as we have already done since the year 2000 – from under 300 billion to more than 700 billion.

Cutting defense spending by more than 50 billion a year across the board for the next decade as will be the case now isn't very strategic though.

Those cuts will be triggered automatically in four months due to congressional leadership not coming up with a plan to reduce our national debt that continues to grow by trillions.

We know the Social Security program is heading rapidly toward insolvency but we seem paralyzed to do something substantial about it.

Strong leadership is the key to those businesses that survive complex change.

It is also the key quality needed for all who we elect to represent us in Washington.

We can't afford to elect anyone who is not a strong leader adept at navigating needed change.

Copyright 2012 WAVE News. All rights reserved.

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