Tech driven growth is changing the profile of leadership, though maybe not fast enough.
Today business leaders are responsible not only for their own people but extended, complex and interlinked supply chains of cloud storage, partnership relationships and (in some cases) armies of contingent workers. Elsewhere, connectivity is driving employee activism and demands for corporate purpose.
Our research shows that the majority of executives believe that understanding the legal and regulatory issues associated with advanced technology is essential to success, but only half say they have are high levels of expertise at board level. And a similar dearth of board expertise is reported when it comes to core tech elements such as big data and automation. If workforces need to change, boards do too.
In collaboration with Forbes Insights, we surveyed 300 senior c-suite executives from $1 billion+ companies on their hopes and fears for tech-driven growth. To find out more, read the Dealing with the unknown: are boards ready? and Board development: new skills, new blood extracts from our Ready, Steady, Grow report below.
Less than half of our respondents believe they have strong in-house capabilities to deal with the legal and regulatory issues of tech-driven growth.
Read more about Dealing with the unknown: are boards ready? in our Ready, Steady Grow: Building a sustainable tech strategy for the next decade report.
To successfully grow with advanced technologies, businesses need to increase their focus on the opportunities these tools provide while at the same time educating their board members on the evolving risks and regulatory environment.
Read more about Board development: new skills, new blood in our Ready, Steady Grow: Building a sustainable tech strategy for the next decade report.