To develop the necessary skill sets for future leaders, companies can use various methods such as formal learning, on-the-job training, and organizational leadership. These methods help enhance the capabilities of employees and managers to fit them for corporate settings. Additionally, effective methods used to plan the development of leadership skills include training, experimental learning, self-learning, coaching and mentoring, and developing retention programs. These approaches empower employees and managers, enabling them to cope with future challenges and lead their companies in the right direction.