Korn-Ferry Study: Investors Lack Faith in CEO Leadership
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Two-thirds of investors believe today’s private-sector leadership is unfit to handle future challenges, according to a recent Korn Ferry report published by Bloomberg news. According to Bloomberg, the results are part of a larger study on the qualities required of leaders “that will allow them to handle challenges in coming years and decades.”
“A majority of leaders can’t make decisions and take smart actions quickly enough, motivate people effectively, or build trust -- all of which is needed to ensure their organization’s survival into the future,” the authors of the report conclude. According to survey data, 67% of investors believe the current leadership stock isn’t fit for the future. At the country level, the figures were 82% in China, 70% in the U.S., with Singapore coming in at 51%.
“Investors are looking at, ‘Who can tell me the growth story I want to believe?’” asked Dennis Baltzley, Korn Ferry’s Global Solution Leader for Leadership Development. “They do care about the talent and the bench” of upcoming leaders, he says. What can corporations do to make sure they have CEOs who can maintain investor confidence and who are prepared to handle future challenges? According to Baltzley: “We have to be a little more disruptive. Energize, manage information flow. Let people have a place to be heard. There’s a theme of care, positivity and optimism that these leaders bring when they’re doing it right.”
These job qualifications differ significantly from the views of 800 business leaders surveyed by Korn Ferry in 2016:
• 63% said that in five years, technology will be their firm’s greatest source of competitive advantage.
• 67% said that technology will create greater value in the future than people will.
• 44% said the prevalence of robotics, automation and artificial intelligence (AI) will make people “largely irrelevant” in the future of work.
• The top five assets named by the CEOs in 2016 were (in order): Technology (product, customer channels); R&D /Innovation; Product/Service; Brand; and Real Estate (offices, factories, land). Employees and customers didn’t make the priority list in the survey that year.
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Featured Supporter:
Lipic's
Igniting Passion in Your Employees and Customers
Contact:
Andy Bollwerk
314-775-2505
