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Is your company led by the right CEO?
The onslaught of new technologies is changing the business landscape at a higher pace than ever before. Companies can now deploy powerful cloud technologies and bring to market incredible products and services faster than ever before. Firms that capitalize on such capabilities are also able to secure the first-mover advantage ahead of their competitors while also capturing consumer mindshare and business marketshare. Companies must realize that innovation, more than ever before, must be the centerpoint of every dimension of business, management, and leadership. And this imperative cuts through everything, starting with the choice of the future CEO.
Companies led by CEOs who demonstrate strong integrity and leadership but who lack proactive risk-taking and the capacity to innovate are less innovative, less competitive, and less profitable.
Companies — and their boards — must rethink whom they select as CEO. They need to refocus their attention on identifying and hiring as CEO individuals who demonstrate the (rather rare) capacity for strategic vision, bold innovation, and effective leadership through change.
The massive technology revolution that’s reshaping markets and business is also reshaping what makes an ideal CEO.
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