3 challenges CEOs must meet going into the new year

3 challenges CEOs must meet going into the new year | practice | Success is a slog -- but how sweet it is
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December 14, 2023
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Leading the Way
3 challenges CEOs must meet going into the new year
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Heading into the uncertain conditions of 2024, CEOs need to clarify their purpose to build trust within their organization, be sure their executive leadership team has the necessary skills to meet whatever comes and create a culture of innovation at every level, write Korn Ferry's Elise Schroeter, Lars Ronn and Lydia Glover. "Transformational companies require enterprise leaders who, through empathy and compassion, can unite the organization behind a common purpose," they write.
Full Story: Chief Executive (12/12) 
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Put it into practice: According to Korn Ferry's research, the top skills leaders will need in the new year include strong communication skills, modeling the behavior they wish to see in their teams and creating a company that top performers want to join. "During a time when attracting top talent is already a challenge, being seen as inauthentic can have irrevocable harm on the company's and the CEO's brand," the researchers write.
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SmartBrief on Leadership
Success is a slog -- but how sweet it is
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Good leaders don't get tripped up by their talent -- they're too busy working hard, writes leadership coach John Baldoni, who shares the tale of actor/comedian Jackie Gleason's success. Getting where you want in life, whether it's success for yourself or others, is easier with talent but still requires that magic mix of hard work and good luck.
Full Story: SmartBrief/Leadership (12/13) 
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Put it into practice: Success doesn't come from hard work in short spurts; it requires the dedication of a Jackie Gleason, who never missed a gig, or The Beatles, who got their start playing long gigs -- as many as six days a week, Baldoni notes. You're more likely to encounter luck when working hard than admiring your skill.
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Smarter Communication
Inspiring others is more complicated than it sounds, but it's a vital skill for a leader -- one best gained through a lead-by-example and buck-stops-here mentality, writes James Nelson, head of Avison Young's tri-state investment sales group in New York City. Putting in the same hours as your colleagues, reaching out to them first and ensuring you're always available can help turn team members into team players, Nelson says.
Full Story: Forbes (tiered subscription model) (12/9) 
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Put it into practice: Acknowledge any mistakes, help others in their quest to the top and ensure your "we" never turns into "I," Nelson advises. "By keeping a collective mindset, the accomplishments can be credited to your entire team."
 
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In Their Own Words
Good leaders are constantly evolving, discarding old ways of doing and thinking, shedding leaders who no longer fit their organization and elevating those who can take them into the future, says Mark McClain, the founder and CEO of SailPoint Technologies. "And it shouldn't always be me coming to that conclusion. I would encourage people to sometimes come to that conclusion themselves," McClain says.
Full Story: LinkedIn (12/13) 
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Daily Diversion
From war to sports: How we Googled in 2023
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If you've spent time googling such terms as "Barbenheimer" or searched for information on the "war in Israel and Gaza" or the death of "Friends" star Matthew Perry or the ill-fated Titan submersible, you're not alone -- those are some of the top items we all searched this year, according to Google. Sports figures garnered searches too, including Buffalo Bills' Damar Hamlin, who suffered a cardiac arrest during an NFL game, and Kansas City Chiefs football player Travis Kelce, mainly because of his famous girlfriend, Taylor Swift.
Full Story: CNN (12/11) 
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SmartBreak: Question of the Day
Who among us is smart enough to know which of the following scientists was first to advance the quantum theory?
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VoteAlbert Einstein
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VoteErwin Schrodinger
About The Editor
Candace Chellew
Candace Chellew
Chellew
The new year is almost upon us (can you believe it?), which means it's time to review what worked this year in your leadership tool bag and what didn't. It's time to get clear on our purpose (both personally and professionally) and make sure we have the right team with us to create new possibilities and success in the next year.

What are you doing to prepare for the new year? What old ways are you shedding? What new strategies are you planning? Tell me about it!

If this newsletter helps you, please tell your colleagues, friends or anyone who can benefit. Forward them this email, or send this link.

What topics do you see in your daily work that I should know about? Do you have praise? Criticism? Drop me a note. And don't forget to send me photos of your pets, your office and where you spend your time off.
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If you are possessed by an idea, you find it expressed everywhere, you even smell it.
Thomas Mann,
writer, critic, essayist, Nobel Prize in Literature laureate
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