Insights
Korn Ferry: CEOs Turn to Teams During Transformation
With the rapidly changing climate across all industries, nearly all leadership roles have already and are continuing to evolve. With such factors as digital disruption and globalization impacting how businesses operate, the role of the CEO is changing. In this article, Korn Ferry looks at how this top leadership position is no longer focused solely on execution, but is now also responsible for the transformation most companies are currently going through in order to adapt to the changing times.
As the responsibilities of the CEO role evolve, so too does the idea of CEOs being all-powerful figures within their industries. These leaders are recognizing their limitations within the current climate, their average tenure is decreasing, and more and more CEOs are realizing the advantages of a strong team, as opposed to simply a strong leader, for the growth of their company.