CEOs with strong leadership skills outperform peers in driving technological transformation and boosting related revenue, according to a recent Korn Ferry study.
The organizational consulting firm examined the link between CEO performance on its leadership assessment and the organization's revenue growth and adoption of new technologies to enhance value and renew business models.
The study analyzed a pool of 59 leaders who completed Korn Ferry's assessment and were later named CEOs of public companies, about 80% of which are U.S.-based. CEOs who scored above average on the assessment led organizations with higher levels of technological adoption compared to those led by CEOs with below-average scores.
Five key skills were linked to higher levels of technological adoption:
1. Strategic thinking
2. Network building
3. Effective communication
4. Courage
5. Resilience