Millennials on leadership roles
The study revealed that millennials in the region are quickly occupying corporate leadership roles -- 22 percent of the respondents in the report are millennials, which is higher than the 17 percent worldwide.
However, only 45 percent of young executives in the region say leadership works with employees to develop their careers, which the report underscored as an important step to cultivate millennial talent. They are also more focused on diversity and its benefits, which tend to come from companies that value diversity.
"Listening to what young executives have to say may be a shortcut to digital leadership-as long as the experience of their older peers is not ignored in the process. Striking this balance requires generations to listen to each other. Generational diversity is as important as the other forms of workplace diversity," said Russell.
"The pace of change in today's digital economy shows no sign of slowing down, and organisations that do not continually update their approach to digital leadership risk falling behind. Technology continues to remain the key enabler to drive growth, promote innovation, enable transformation and level the playing field for companies of all sizes," added Russell.
Improving leadership skills in the organisation
The report also advised digital leaders in the region to not rest on their laurels.They need to improve their leadership skills as well as their business performance by:
- Communicating a company-wide digital vision
- Continuously updating the skill sets of executives and employees to adopt new digital skills.
- Flattening the organisation by reducing bureaucratic bottlenecks.
- Emphasising diversity
- Listening to the advice of young executives.
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