Competition in banks will speed up in the next few decades. Organizations of the 21st Century, with regard to structure, system and culture, are completely different from those of 20th Century. They cannot succeed with incremental changes. The question is whether there is any authentic leadership in Indian commercial banks to carry out the revolutionary changes.

John P Kotter, in Leading Change, declares that the rate of change in the business world is not going to slow down anytime soon. Competition in most of the industries including banks will probably speed up over the next few decades. The change in the way of working of the organizations is clearly brought about below:

Organizations cannot succeed with incremental changes. An important question to consider is whether there is any authentic leadership in Indian Commercial Banks to carry out these revolutionary changes.

As Hersey Paul says, "Leadership is situational".The transition of commercial banks from private to public ownership was not difficult. The transition from today to tomorrow is more difficult, in the context of globalization, technology revolution and liberalization. Leadership should be non-hierarchical.

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