By this point, together with our client we have determined what degree of transformation is necessary in various dimensions and at different points within the company. A shared view among the management team of the level of transformation required (improvement, renewal or reinvention) and of the current state of the company at the start of the transformation is a fundamental prerequisite before setting the ball rolling.
By way of structure for our diagnosis, we take the five key dimensions that determine the success or failure of any transformation and examine them. As the transformation affects the entire system, the diagnosis invariably looks at three levels from the same perspective: the CEO, the management team and the organization as a whole.
It’s a simple truth that haunts many a corporate leader: “What made us successful in the past will not keep us competitive in the future.” Contributing to their restless nights is a growing awareness that, in complex and volatile environments, the future is no longer something that can be planned. So what must the nature of the long-term goals be with which they align the company?
On 6 June at the Tempodrom in Berlin, Mark Krymalowski, Head of the EMEA Digital Practice at Egon Zehnder, sat down with Dr. Bernd Montag, CEO of Siemens Healthineers. The conversation was part of the Axel Springer NOAH Conference 2018, which focuses on connecting leaders to empower the European Digital Ecosystem.
According to Vivek Khemka, who co-leads Egon Zehnder’s CEO Practice in India, chief executives are, in general, quite confident in their skills and their abilities, but at the same time also admit that certain parts of the role have proven more challenging and isolating than anticipated.
On January 17, 2018, Egon Zehnder’s Istanbul office convened a group of Turkey-based HR leaders for a breakfast discussion focused on leadership development based on the article of Turning Potential into Success: The Missing Link in Leadership Development by Claudio Fernandez-Araoz, Andrew Roscoe and Kentaro Aramaki.
It is a truism of corporate governance that a strong, highly functioning board can be an invaluable asset to management, going beyond oversight to provide guidance and strategic counsel to the CEO and his or her team. But these benefits can only be realized if the board and management have the trust and transparency that allows for candid, constructive conversation.
In our role as leadership advisors, we are often asked to conduct board effectiveness reviews. These comprehensive studies help boards improve their performance by recommending specific changes that impact board dynamics, process improvements and governance.