December 5, 2006
The New Yorker, Wired, and Golf Digest have released the findings of their recent study entitled, "C— Level Portraits: the Changing Face of the Executive Suite." The study was conducted using a two–phase approach: in depth interviews with top executives in bi–coastal markets and a quantitative study conducted on line with over 600 top executives. The study provides a comprehensive overview of the 21st century executive on everything from what they think drives success in today′s business world to how they spend their leisure time.
Highlights include:
Creativity is coveted at the top
— 2/3rds of respondents felt that more creativity is needed at the top vs. a more traditional approach and creativity is among the top ten qualities coveted for today′s leaders
Casual Friday′s changed more than just their wardrobe
— Over half agreed a more casual management style trumps a conservative approach
— Qualitative/people skills are more valued then quantitative/financial skills
Goodbye to the Kozlowski′s of the executive suite?
— The top qualities of today′s leaders in order of importance are: Integrity, listening skills, ethics, trust, and strategic vision
— 80% see business management today as being more market vs. product driven than five years ago
Where are the extra hours in their day going?
— C–level executives spend five waking hours per day on leisure activities
— One third of top executives strongly agree that they need to take vacations to "relax and recharge"
— Only 14% of top executives are getting eight or more hours of sleep a night (the mean is 6.8 hours), nearly half wake up before 6am each morning, and over half retire for the evening after 11pm
Building the knowledge base
— Three out of the top five leisure activities cited by executives revolve around increasing their knowledge base through media sources such as magazines, newspapers and the internet
To view the complete study please visit: Conde Nast C-Level.
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