Because of the baby boom,approximately 50 percent of the top leaders in many private and public sector organizations are slated to retire in the next five years.This shortfall in managerial competence is due to

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The statement mentions the baby boomer generation, which refers to the significant increase in birth rates in North America between 1946 and 1964. This demographic shift has resulted in a large number of individuals reaching retirement age at roughly the same time, which in turn has led to a shortfall in managerial competence in many organizations.

Because of the Baby Boom,approximately 50 Percent of the Top