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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