Strong leadership pays dividends in the digital economy, where continuous innovation, rapid decision-making, and a global mindset are essential to success. Oxford Economics surveyed more than 4,100 executives and employees around the world and from diverse industries, during the second quarter of 2016. The study, Leaders 2020, finds that companies that get digital leadership right perform better in the marketplace. These companies:
The research program, sponsored by SAP, identifies a rising generation of Millennial executives who are impatient for change and unimpressed with the digital leadership skills of senior management. Survey analysis also suggests a relationship between effective diversity policies, executive leadership, and bottom-line performance.
What does it take to become one of these top performers? According to the study, the best-led companies:
“These findings should serve as a wake-up call for business leaders,” says Edward Cone, deputy director of Thought Leadership at Oxford Economics. “Your employees, your younger executives, and your financial results are all sending you a clear message about the importance of updating and upgrading leadership skills for the digital age. It’s time to listen and lead—or get out of the way.”