Business leaders are tasked with the often tricky obligation of steering organizations to the financial ‘happily ever after’. This is a big responsibility, and as a business leader, you need to be able to foster cooperation across all the levels of an organization, be agile, and be flexible. All these will help you move towards a more lateral type of management. Good leadership is about being able to do away with the conventional, hierarchical structures that only end up in stagnation and bureaucracy and many business leaders are aware of this. Still, many organizations continue to hang on to familiar hierarchies as they always find themselves in some sort of organizational limbo if they try to make any changes, resulting in what one can only describe as contemporary organizational structures.