Kaseya, AppDirect on How to Build a Better CEO
Develop a product. Acquire customers and attract funding. Then go public or sell to some big company like Cisco. Boy, were those the days of entrepreneurship.
Alas, today’s CEO has far more things on his or her plate. This includes holding onto one’s job.
In the aftermath of high-profile flameouts at Theranos, Uber, Wells Fargo, Equifax, CBS, Volkswagen, Intel and elsewhere, CEOs are under pressure like few times in business history. Data on CEO tenure prove the point. Take a recent study from Harvard Law School. Harvard Law found that CEO turnover has become more common in the past five years.
“As a result, median tenure has fallen a full year since 2013,” researchers found.
In 2018, 1,452 CEOs left their jobs, according to the website 24/7 Wall Street. The figure is 25 percent more than what was recorded in 2017 and very close to the all-time record, which was ignominiously set in 2008 when the last recession began.
In addition to job security, today’s CEOs deal with challenges every day that forbearers encountered only occasionally, if ever. Think global regulatory compliance, data privacy, alternative funding mechanisms, climate change, artificial intelligence and changing social norms. In addition to new realities, old norms no longer work in many industries. Growth at all cost? Disruption without consequences? Technology idolatry regardless of implications? No leader can afford to leverage these outmoded practices to grow a business — not without consequences, anyway.
For insights on how successful execs work today, don’t miss “Leadership in the Post Privacy, Security and Resell Era,” April 11, part of the business strategy conference track sponsored by Nextiva, at the Channel Partners Conference and Expo in Las Vegas.
The panel will feature three technology industry CEOs well-versed in what it means to run a company today. The panel includes:
In Las Vegas, these leaders will take questions on a variety of topics, including funding, customer experiences, regulatory compliance, technological disruption and more. They will also address topics that, while might not be unique to the tech industry, are certainly outsized within it. This includes boorish corporate cultures and disrespect for data-privacy standards.
|Hear from Lyons, Saks, Voccola and 100+ industry-leading speakers at the Channel Partners Conference & Expo, April 9-12, 2019, in Las Vegas. Register now!|
The latter has shown on a spotlight on the tech industry and illuminated some of its most underhanded practices. Widespread abuse of privacy standards has given the industry a black eye, many agree. This includes many CEOs who work within the industry. When asked how the tech sector that only a mere few years ago seemed to be the answer to problems suddenly became the cause of so many others, Dan Saks, president and co-CEO at AppDirect, offered the following perspective:
Over the past three years, nascent technology has been adopted at unprecedented levels. This speed results in many unknown outcomes, both positive and negative, for consumers and businesses. The tech industry is now facing a similar public reaction as to what occurred during financial-service boom and bust culminating in the Great Recession. Leaders are being held accountable by the public to these new challenges. With any innovation cycle it’s inevitable that …