|By Marketwired .||
|June 11, 2014 11:30 AM EDT||
SILICON SLOPES, UT--(Marketwired - June 11, 2014) - CEOs work hard to manage their brands and balance the demands placed on them by a variety of stakeholders. But what do employees and executives really think of their corporate leaders -- and how do CEOs perceive themselves? These are some of the questions we set out to answer in a revealing new study sponsored by Domo and CEO.com, an online resource that enables busy executives to stay up to date with the latest news and best practices in business management.
Based on responses from 1,500 CEOs, executives and general employees across a variety of industries, the study paints a comprehensive picture of today's CEOs and their leadership style, including the way they communicate, motivate and prioritize. The research found that, although CEOs and employees think about leadership in similar ways, there are many instances in which CEOs and employees are in disagreement.
For instance, 79% of executives and 74% of general employees say they would like to receive communications from their CEOs at least monthly. Yet more than a quarter of executives and general employees report hearing from their CEOs less than once a quarter. The research also found that 84% of CEOs say they never use company meetings to reprimand employees but 10% of employees and executives perceive that blame and rebuke are all they hear from their CEO.
Going deeper into the numbers, the survey shows that executives overall are much more critical of their CEO's communication style than are general employees. Executives are twice as likely to say their CEO always focuses on negatives or never focuses on positives when communicating with the company. And just 17% of executives say their CEO always celebrates company successes, compared with 31% of general employees.
"Being a great business leader isn't simply about product development or corporate finance, it's also about effective communication," said Josh James, founder and CEO of Domo. "As this study clearly shows, communication skills are vital for every CEO. Your employees want to hear from you and they want to be inspired by you. In today's social world, there are so many ways to effectively communicate with your employees beyond the typical company meeting -- whether through a blog, video, Twitter, email, etc. If you're not leveraging multiple channels to get your message across and instill vision, you're missing an opportunity to connect with your employees and drive the business forward."
When it comes to inspiring employees, CEOs are not as effective as they should be. While everyone agrees that fear is not an effective motivational tool, CEOs rely on it more than they think. According to the study, only 10% of CEOs claim to use fear as a motivator yet executives rank fear as the number-one motivational tool of their CEOs. Perhaps that's why 46% of executives say they need to massage and manipulate data to make it look good before handing it over to their CEOs. Both executives and general employees say that instilling vision is the most effective motivational strategy, with fear ranking dead last.
There are plenty of things that CEOs are doing right. For example, 87% of executives feel their CEOs respect their opinions and more than two-thirds are comfortable going to the CEO with an idea. Additionally, executives find their CEOs to be quite responsive, with 69% reporting that they receive email replies from their CEO within the day. Moreover, 60% of executives and general employees choose positive adjectives to describe their CEOs, with words like "intelligent," "nice," "honest," "competent," "visionary" and "hardworking" leading the way.
Still, the disconnect between CEOs and their employees persists. Across the board, CEOs believe they're placing a strong emphasis on positive actions, while their executive teams are not so sure. For instance, 42% of CEOs rank "recognizing and rewarding achievement" as their most important priority, yet only 17% of execs agree. And 39% of CEOs say "caring about the success and welfare of individual employees" is most important to them but just 19% of executives concur. Finally, 31% of CEOs identify "seeking ideas and input from employees at all levels" as their top concern but only 14% of their executives agree.
Other notable survey findings include:
- 39% of CEOs feel they make less than their fair share but only 7% of executives and 4% of general employees agree.
- CEOs say they work an average of 64 hours each week.
- 54% of executives say CEOs micromanage and/or interfere with company progress.
- CEOs, executives and general employees all agree that motivating and inspiring employees should be the CEO's highest priority.
A complete copy of the report is available for download at CEO.com.
About the Survey
CEO.com surveyed 1,500 CEOs, executives and general employees from companies across a wide range of industries to provide a multidimensional look at the leadership style of today's CEO.
CEO.com was launched by Omniture cofounder and longtime CEO Josh James, before he launched Domo, to help business executives stay up to date with the latest news and best management practices across top industries. CEO.com is now sponsored by Domo.
Domo is a cloud-based executive-management platform that redefines the business intelligence market and transforms the way business is managed. Domo gives users direct, real-time access to all the business information they care about, all in one place.
With more than $125 million in funding, Domo is backed by an all-star list of angels and investors, including Benchmark Capital, Andreessen Horowitz, IVP, Ron Conway and David Lee of SV Angel, Hummer Winblad, plus a who's who of SaaS and Internet technology.
Domo's founding team consists of some of the most sought-after talent in the industry, with experience including Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Google, LinkedIn, MLB.com, Omniture, Salesforce.com and SAP.
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
May. 5, 2016 02:00 AM EDT Reads: 1,287
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
May. 5, 2016 12:45 AM EDT Reads: 1,381
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
May. 5, 2016 12:00 AM EDT Reads: 1,199
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
May. 4, 2016 11:45 PM EDT Reads: 1,262
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
May. 4, 2016 09:00 PM EDT Reads: 1,427
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
May. 4, 2016 05:30 PM EDT Reads: 1,408
The demand for organizations to expand their infrastructure to multiple IT environments like the cloud, on-premise, mobile, bring your own device (BYOD) and the Internet of Things (IoT) continues to grow. As this hybrid infrastructure increases, the challenge to monitor the security of these systems increases in volume and complexity. In his session at 18th Cloud Expo, Stephen Coty, Chief Security Evangelist at Alert Logic, will show how properly configured and managed security architecture can...
May. 4, 2016 05:15 PM EDT Reads: 463
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
May. 4, 2016 05:00 PM EDT Reads: 1,334
A critical component of any IoT project is the back-end systems that capture data from remote IoT devices and structure it in a way to answer useful questions. Traditional data warehouse and analytical systems are mature technologies that can be used to handle large data sets, but they are not well suited to many IoT-scale products and the need for real-time insights. At Fuze, we have developed a backend platform as part of our mobility-oriented cloud service that uses Big Data-based approache...
May. 4, 2016 03:30 PM EDT Reads: 693
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
May. 4, 2016 01:45 PM EDT Reads: 1,360
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 4, 2016 01:00 PM EDT Reads: 1,449
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
May. 4, 2016 12:45 PM EDT Reads: 946
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
May. 4, 2016 12:45 PM EDT Reads: 677
trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vice president of product management, IoT solutions at GlobalSign, will teach IoT developers how t...
May. 4, 2016 12:15 PM EDT Reads: 608
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
May. 4, 2016 11:15 AM EDT Reads: 1,270
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
May. 4, 2016 10:00 AM EDT Reads: 1,538
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
May. 4, 2016 08:15 AM EDT Reads: 1,024
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
May. 4, 2016 08:00 AM EDT Reads: 1,219
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
May. 4, 2016 08:00 AM EDT Reads: 1,301
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
May. 3, 2016 12:15 PM EDT Reads: 1,629