Originally posted on Korn Ferry Institute on January 10, 2018.
Some may be obvious but still get missed as the grind of the business year cycles through. Others are new and unique to 2018. Either way, the breath of this year’s resolutions that experts believe CEOs need couldn’t be wider.
A tight focus on culture, to prevent so many of crossed wires that befelled many too CEOs last year. Some real change–more than talk–about diversity at all levels. A much deeper pipeline of talent to fit the fast improving job market today. And so on, as Korn Ferry experts provides the following overview:
Create an effective culture.
As business leaders look ahead to 2018, many of them are looking for ways to drive cultural change. It makes sense: five years ago, salary and benefits were the No. 1 reason a job candidate would choose one company over another; today, culture is No. 1. Organizations have found that when they lead with purpose, transparency, fairness, and accountability, they’re able to attract and retain better talent, and inspire greater creativity and innovation—all of which ultimately helps their bottom line, experts say. And while culture permeates every aspect of a business — from its systems to its ethics to its processes — as a business leader, a change in culture starts with you. “It’s a mistake for top leaders to believe that culture is somehow separate from themselves or a separate project,” says Arvinder Dhesi, a Korn Ferry senior client partner. “Everything that we do contributes to the culture. There’s no culture-neutral behavior.”