70 percent of respondents say there is a present danger in their leadership being overwhelmed by the complexities of convergence.
Convergence can take many forms. It can be a result of a merger or acquisitions, or a byproduct of cross-industry collaboration. In any case, convergence requires executives to take a nimble approach to business models and structural transformations in order to succeed. A survey from consulting firm Egon Zehnder International reveals that many corporate leaders in IT and business are in danger of becoming overwhelmed by the complexities of convergence. And, the trend is gaining ground as a dominant catalyst for change in industries such as IT, energy, automotive and healthcare, according to the report. Executives who are vigorous and persistent, and offer a strong base of generalist knowledge, are emerging as most in-demand during periods of convergence. And the talent wars over IT managers and other professionals who offer such skills look to continue unabated for the indefinite future. A total of 515 executives took part in the global survey. Here are selected highlights:
Dennis McCafferty is a freelance writer for Baseline Magazine.
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