Insights
Korn Ferry: New Study Urges CEOs to Take The Lead In Government Relationships
How business can build a better relationship with government
CEOs were advised to take responsibility for their organisation’s relationship with government and to work more closely with opposition and minor parties, according to a report by Korn Ferry: Business and Government – a complex dance. The report examined how business can build a better relationship with government, by seeking advice from those who had worked both sides of the fence: business leaders whose former careers were in politics and the bureaucracy.
The former politicians and public servants interviewed by Korn Ferry said the relationship between business and government needs to be stronger and that it suffers from a mutual lack of understanding.
According to the study, the value to society of a productive, working relationship between business and government is clear; government creates the policy environment–the levers–for the economy to grow and business uses those levers to create jobs and prosperity.