New study finds many leaders lack skills to lead digital transformation  

11 February 2021:

A study by MIT Sloan Management Review and Cognizant reveal many business leaders are out-of-touch with all things digital. Furthermore they don’t have the skills to lead effectively in the digital economy.

Employees expect digital transformation to better reflect and respect their concerns. Issues such as purpose and inclusion, just as well as ensuring superior business capabilities, better compensation, and greater flexibility. Seventy-two percent of respondents strongly agree it is very important working for an organisation with a purpose they believe in. However, a mere 25% strongly agree that their organisations are as purpose-driven as their leaders believe them to be.

Getting digital transformation wrong

“Leadership’s Digital Transformation: Leading Purposefully in an Era of Context Collapse,” is based on a global survey of 4,300 employees. Respondents came from non-managers to CEOs, in more than 20 industries. The study features interviews with C-level leaders, including Starbucks CEO Kevin Johnson; Anheuser-Busch InBev (AB InBev) CEO Carlos Brito; Delta Air Lines CEO Ed Bastian; former Best Buy chairman and CEO Hubert Joly; and Purdue University president Mitch Daniels.

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Source: Enterprise Times

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