A man in a hot air balloon realized he was lost. He reduced altitude and spotted a woman below. He went down a little further and shouted, "Excuse me, can you help me? I promised an associate we would meet an hour ago, but I don't know where I am." The woman below replied, "You are in a hot air balloon hovering about 30 feet above the ground. You are between 40 and 41 degrees north latitude and 59 and 60 degrees west longitude." “You have to be an engineer,” the airman said. “Yes,” the woman replied, “how did you know?” “Well,” the airman replied, “everything you told me is technically correct, but I have no idea what to think of your information, and the fact is, I'm still lost. Frankly, you haven't been much help to me. If anything, you've delayed my trip." The woman below replied, “You must be in Management.” “I am,” replied the airman, “but how did you know?” a large amount of hot air. You made a promise you don't know how to keep and you expect the people below you to solve your problems, the fact is, you're in exactly the same position you were in before we met now, somehow, it's my fault ." Source: (Management Humor) Are managers really unaware of where they are headed? Or is the world changing so rapidly that it is difficult for managers to keep up and be as efficient and effective as before? Although the hot air balloon incident is a politically incorrect and strongly held joke taken from a random website, contains a strong message and gives the impression of how managers are stereotyped in today's dynamic business environment "There are too many people who have been there too long and we need of new management from the outside''. These are the words spoken by Eric Jackson of Ironfire Capital at Yahoo's annual meeting on August 1, 2008 (No Fireworks at Yahoo Meeting). This is the sentiment that prevails today, even towards highly talented individuals like Jerry Yang, co-founder and CEO of Yahoo. Globalization and rapidly evolving technology have made a manager's job extremely challenging. Thomas (2003, p. 1) observes: “It is not easy to be a manager today. There is a lot to do, a lot to understand, a lot to learn. And it doesn't seem like things are getting any easier.