Executive Leaders Are Unprepared for Emerging Tech
Two-thirds of CIOs and other C-level execs surveyed are very confident that their organizations will outperform the competition during the next 12 months.
54% of the respondents are confident in their long-term business decisions.
43% do not feel completely prepared to address emerging technologies, and 46% said the same about new business models.
Market slowdown: 33%, Cyber-risks: 32%, Shortage of skilled workers: 32%, Tax constraints: 31%, Regulatory constraints: 31%
61% of C-level execs surveyed are very confident that their direct reports will meet their business goals for the next 12 months.
52% do not think their direct reports have the skills to assume greater leadership roles, and 44% said they lack the needed personal ambition and motivation.
While 56% said their company creates opportunities for employees to succeed, less than half said it is committed to developing leadership skills at all levels.
73% of the respondents think their organization has the ability to innovate faster than the competition.
53% believe innovation is learned and repeatable, while the rest think it’s spontaneous and random.
Allow time for employees to innovate: 45%, Build a culture that embraces innovation: 43%, Adopt new technologies: 42%