Creating Opportunities Despite Uncertainty

What Boards Are Looking For in Future CEOs

The search for the next CEO is a never-ending cycle of development and growth. It isn’t only about the search, but the preparation of the right type of leader for the job. As a board member, you must define what your organization requires in the next CEO. The earlier you begin in understanding what is needed the better you can advance your potential CEO’s skills to fulfill your organization's obligations. 

Are you currently serving as a Chief Executive, or you're on a path to CEO or the C-suite? By understanding what Boards are looking for in chief executives, you can better assess your own strengths and work on addressing any gaps. AESC member search firm Russell Reynolds shares insight on what today's Boards want in C-level talent. Read the full article here.

 

What executives need to know now about the metaverse

What does the future hold for companies who are not prepared for the evolving digital world? The Metaverse is increasingly becoming an imperative concept, not only for executives in various industries but also for boards of directors who must ensure their company's continued success.

AESC member search firm Heidrick & Struggles shares insights on opportunities and challenges presented by the metaverse. They discuss what board members need to know before diving into these new spaces. While the profile of the modern-day executive has changed drastically, how will they be able to engage effectively and optimize in the ever-changing digital space? What questions should you be asking about the metaverse, crypto, and blockchain; and what capabilities will be essential for Boards and the C-suite as they begin to navigate this terrain? Learn more about boardrooms and the metaverse here.

 

Taking leadership action during a downturn

The qualities of an effective leader are not constant. They change over time and depending on the person, they may be more influenced by life experiences than others can realize at first glance. Regardless, there has always been a significant impact during periods where economic turmoil strikes. 

When faced with economic uncertainty, businesses are more likely to tighten their budgets. They first think of eliminating any unnecessary expenditures just in case the market goes down further and they have less income as a result, which makes sense given how volatile it can be these days. Businesses are always in the habit of tightening their belts when things get tough, but this is not always a good idea. It's important for business leaders to find ways around fear and uncertainty so they can continue operating as efficiently as possible during turbulent times.

An organization’s success usually boils down to its ability to create opportunities in the marketplace with innovative ideas and actions. Innovation is a continuous process and when it slows down, there are always those who take advantage of the opportunity to come up with something new.

This Fast Company article share approaches leaders can follow to minimize the impacts of an economic downturn on their businesses, and in turn, their careers. Read the full article here.

 

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