Mehdi Tazi, CEO at Beassur Marsh Discusses Talent Gaps. #TalentManagement #FutureofWork #Learning
John Hotaling back with Mehdi Tazi. Mehdi, there was a recent survey of CEOs globally and over 80% of these CEOs answered the survey on the question of, "Do you have the talent to execute your strategy?", and they said no. So 80% of the current CEOs believe that they do not have the talent internally to their organization to execute on their strategy. How do you think we got to such a place where 80% of CEOs can't perform their strategy and execute on their strategy? What do you think are some possible solutions?
I think again that the world is moving so fast that people that you find within your organization don't necessarily have the skills needed to execute anything that you need to execute, in the survey. If you take IT for instance. IT was the topic where back 20 years ago you used to have a computer, whatever IT system and that's it. It was quite easy. Today it's totally different and people don't really move into your company, from a normal company to a digital company where everything is, the processes are totally reviewed. You need some skills that you won't necessarily find within the organization you have.
One thing is again, depending on the countries, people who stay in the US for example, I know that one stat is In a lifetime career, people will change their job 11 times. In Europe, in France, even in North Africa and Morrocco, people will change a job three to four times in a career. Again, in the U.S. it's different. You're on the good side of it. In Europe, people will change 4 times in their careers. So that means that they would stay in one job for 10 to 15 years. 10 to 15 years, go back 10 to 15 years from now and think of what business was and how we used to do business. Completely different. So someone who doesn't go trade every single year for new things, would not be able to understand or execute anything that the CEO would say. Another thing is I think that even the CEO's need that. So probably that 80 % of CEO's on your stat would be also, 80% of the CEO's who don't have the skills to execute the right strategies for the coming 20 years.
That's a fantastic point.
So that is a point that needs to be looked at with CEO's. Do they have the skills? Do they have an understanding of what's happening today and how things would move? I would have been glad to be in the last board meeting of a company called Kodak. The last day, the world was there, probably some people would say, "Don't worry. Things will change again, we have time." So that's the thing, Kodak was a company that used to employ 60,000 people. And it disappeared overnight. Almost overnight. Probably because some people at that time did not understand how fast technology would move. And how quickly a phone would replace a regular camera.
Yeah, it's amazing how you can get into this, you can summarize almost all this about there's a danger of having a fixed mindset, instead of a growth mindset. And it's a dangerous thing for CEOs. If CEOs just think they've got it all, and that's their fixed mindset. The ones that are successful continue to grow, is what you are saying. The future is being pulled forward at a rapid pace unlike ever before. And we've got to be ready for it.
Much faster than before.
Thanks for your Insight. Thank you.
N2Growth is a top executive search and professional services firm serving more than 50 markets across the Americas, Europe, MENA, and APAC. N2Growth is known for its "next practices" approach in helping clients unlock value within their talent ecosystem of talent acquisition, strategy, and optimization. N2Growth is consistently ranked by Forbes as one of the Top 10 executive search firms globally.
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