Organisations struggling with generational transition of leadership, reveals AESC study
Association of Executive Search and Leadership Consultants (AESC) has revealed findings from its global survey of 850 business leaders worldwide, across industries and functional roles, on the generational transition of leadership, from Baby Boomers to Gen X and Millennials.
The new AESC study, The New Wave: Next Generation Executive Talent, reveals a heightened degree of anxiety as senior executives worldwide grapple with keeping pace in a climate of constant uncertainty and lightning fast change.
Some key findings from the survey reveal:
- C-suite executives are concerned about delivering revenue growth amid widespread and constant disruption.
- Business leaders are anxious about a lack of key successors.
- Today's C-suite struggles to actualize enterprise-wide digital transformation.
C-suite executives understand the imperative for agile and entrepreneurial leadership that can shake up old approaches to business. Business leaders are looking to Next Generation talent to drive change, ranking ‘leading change’ as the top leadership attribute of Next Generation talent that could provide a competitive advantage to their organizations.
While global business leaders are cautious, they are also optimistic about leveraging new opportunities with the Next Generation of leaders. Karen Greenbaum, AESC president and CEO, stated, “While today’s business leaders increasingly realize in order to attain the competitive advantages their businesses require, they must create an environment where they can attract, develop and retain the leaders of the future.”
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