The Future of Leadership

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Study Analysis: The research and analysis for the study were conducted under the direction of the authors as part of an MIT Sloan Management Review research initiative in collaboration with and sponsored by Cognizant. Originating Authors of the study: Douglas A. Ready, Carol Cohen, David Kiron, and Benjamin Pring. 

The Study

The 2020 Future of Leadership Global Executive Study and Research Report finds that leaders may be holding on to behaviors that might have worked once but now stymie the talents of their employees. The report “The New Leadership Playbook for the Digital Age: Reimagining What It Takes to Lead” explores how the changing nature of competition, work, and society is influencing the future of leadership. The findings are sobering and warn today’s leaders to transform themselves and their teams to transform their organizations credibly.

1)      Just 12% of respondents strongly agree that their leaders have the right mindsets to lead them forward.

2)    Only 40% agree that their companies build robust leadership pipelines to tackle the digital economy’s demands.

3)     Only 48% agree their organizations are prepared to compete in digitally driven markets and economies.

4)     While 82% believe that leaders in the new economy will need to be digitally savvy, less than 10% of respondents strongly agree that their organizations have leaders with the right skills to thrive in the digital economy. These findings suggest a growing mismatch between how many organizations are currently led and how they should be led in the digital age. The study surveyed 4,394 global leaders from more than 120 countries, conducted 27 executive interviews, and facilitated focus-group exchanges with next-gen emerging leaders worldwide. The report also mentions interviews with Ronald de Jong, executive committee member at Royal Philips and Distinguished Professor of Practice in Business at Tilburg University School of Management and Economics, and Arthur Yeung, senior management adviser at Tencent and visiting professor of management at China Europe International Business School. Additionally, there were focus group participants from Li & Fung.

The report suggests that leaders must change their ways of working and leading to succeed in the new digital economy. The report highlights the need for leaders to be digitally savvy and to have the right mindsets and skills to lead their organizations forward. The report also emphasizes building robust leadership pipelines to tackle the digital economy’s demands. However, specific recommendations are not mentioned in the study. 

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