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The Power of Younger Leaders

Organizations are encouraged to bring younger leaders into positions of influence earlier to tackle tough challenges. Martin Reeves suggests five paths for companies, including consultation, co-leadership, vertical and horizontal separation, and substitution. Reeves believes renewing leadership vitality is crucial for addressing the changes facing businesses today.

by Lilu Anderson
Mon, Feb 19, 2024 4:03pm
in Business
• 2 mins read
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The Power of Younger Leaders | FinOracle
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Today’s challenges require younger leaders: 5 paths companies should try

In the face of tough challenges that require new solutions, organizations are being urged to bring younger leaders into positions of influence and power earlier. Martin Reeves, chairman of Boston Consulting Group’s think tank, has identified five techniques for companies to consider. The average age of CEOs at Fortune 500 and S&P 500 companies has risen from 46 to 55 years old over the past two decades, a statistic that initially shocked Reeves. He believes that while experience is valuable, leaders must also possess curiosity, innovation, and risk-taking abilities. Reeves argues that the older the firm and its leaders, the less vitality and risk appetite it has. To address this issue, Reeves proposes the following paths for companies:

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