Leadership Qualities For The Next 5 Years
Posted by Warren Carter | Posted on 23-07-2011
Category : Executive Search
Posted by Thomas Despres in Blog, Thought Leadership with no comments, in QualiFind’s website
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In the 2010 Global IBM CEO Study recently published, 1541 CEOs were asked what would be the top leadership qualities required to succeed in the next five years. Represented were 60 countries across 33 industries. The four primary findings were: |
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Today’s complexity is only expected to rise and more than half of CEOs doubt their ability to manage it. Seventy-nine percent of CEOs anticipate even greater complexity ahead. However, one set of organizations we call ‘Standouts’ has turned increased complexity into financial advantage over the past five years.
Creativity is the most important leadership quality, according to CEOs. Standouts practice and encourage experimentation and innovation throughout their organizations. Creative leaders expect to make deeper business model changes to realize their strategies. To succeed, they take more calculated risks, find new ideas and keep innovating in how they lead and communicate.
The most successful organizations co-create products and services with customers, and integrate customers into core processes. They are adopting new channels to engage and stay in tune with customers. By drawing more insight from the available data, successful CEOs make customer intimacy their number one priority.
Better performers manage complexity on behalf of their organizations, customers and partners. They do so by simplifying operations and products, and increasing dexterity to change the way they work, access resources and enter markets around the world. Compared to other CEOs, dexterous leaders expect 20 percent more future revenue to come from new sources.
In addition to these findings, CEOs believed that the world will not simply go back to “business as usual” after the economic downturn. Leaders will need to be able to manage more complex organizations, more robust customer needs and more demanding expectations from shareholders or taxpayers. Eight in ten believe the environment will become considerably more complex, leading to the number one quality from respondents of creativity.
CEOs in the next five years will need to be more creative in the way they deal with everything from the task at hand to the interpersonal challenges they face to the strategies they develop to meet future goals. The question is, “are they up to it?” Time will show that the most successful CEOs in the next five years will be creative rather than pragmatic. After all, they said so themselves. |
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