| What will be the most important leadership qualities you will need in the future? | ![]() |
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What are the key issues that you as the leader of your business face over the coming years? IBM have recently completed the “2010 Global IBM CEO Study” and some interesting information has surfaced as a result. The survey is one of the largest one-on-one CEO interview studies, surveying 1,541 CEO's, general managers and senior public sector leaders from 60 countries and across 33 industries. The four primary findings of this year’s survey are as follows:
Business is not usualThe findings highlight the extent to which the economic downturn has affected customers, business and society. The world will not simply go back to “business as usual” after we recover from the economic downturn. The world has undergoing a significant paradigm shift and it will never be the same. As a recovery in the world economy takes place over the coming years the participants expectations are for a higher level of complexity and uncertainty where “eight in ten CEO's expect their environment to grow significantly more complex and fewer than half believe they know how to deal with it successfully.” This environment creates an urgent need for business and community leadership. Given this, the survey explored what CEO's consider to be the most important leadership qualities that would be required over the next five years, the results are illustrated below.
Creativity is seen to be the key leadership quality required over the next 5 years Change requires a new approachWhen uncertainty and complexity are at the forefront of our minds we all need to realise that repeating the activities of the past may not product the same results. The IBM Survey described it this way Creativity is often defined as the ability to bring into existence something new or different, but CEO's elaborated. Creativity is the basis for ‘disruptive innovation and continuous re-invention,’ a Professional Services CEO in the United States told us. In addition this requires bold, breakthrough thinking. Leaders, they said, must be ready to upset the status quo even if it is successful. They must be comfortable with and committed to ongoing experimentation… It’s not that CEO's are just now becoming aware of the importance of creativity they have long been aware of the need to innovate their products, their processes and their customers’ experiences. Even in 2004, CEO's were telling us that ‘CEO's the world over were refocused on growth and they viewed innovation as the way to get there.’ But today, creativity itself has been elevated to a leadership style. Traditional approaches to managing organisations need fresh ideas, ideas that are intended to disrupt the status quo.” Is it time for a reinvention or a realignment?Turbulent times provide an opportunity to reinvent what you are doing and how you are delivering the product or service you provide.
These are issues you won't resolve by looking at your bank balance. |
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