Around 67 percent of Indian chief executive officers (CEOs) say that agility is the new currency of business, reported KPMG India’s fifth annual CEO Outlook.
As per the report, which was based on the views received from 125 CEOs in the country, Indian CEOs, like their global counterparts believe the importance of being adaptable in order to remain relevant in the business world.
"A successful CEO now needs to be an agile CEO… succeeding in a world of volatility and uncertainty requires different leadership skills, particularly in large organizations. It’s no longer a question of simply defending your position and using the scale to maintain a competitive advantage," Arun M Kumar, chairman and CEO, KPMG in India was quoted as saying in the report.
"Today, CEOs need to be comfortable disrupting their business models by forging new strategic partnerships, considering alternate M&A strategies and increasing the skills of their workforces," Kumar added.
Here are the key highlights of the report:
The study also revealed that with all the rise in technology, Indian executives still put utmost faith on their own expertise and insights to provide customised solutions to their customers disregarding data-driven insights.
As per the study, 74 percent of them disregard data-driven insights as they found those to be contrary to their own experience or intuition.
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