CEOs are leaning on their inner circles to get ahead, putting trusted peers ahead of political connections
Source: Fortune ·
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From the source
A CEO’s personal network is becoming an increasingly valuable business asset as geopolitical instability, technological disruption, and economic uncertainty push corporate leaders to more frequently seek advice and opportunities from one another. In a report published in October, executive search firm Egon Zehnder surveyed 843 CEOs globally about the biggest challenges they face and how they are adapting. The findings reveal a growing reliance on relationships, particularly within the business community, to help companies navigate an unpredictable operating environment. Business alliances ranked as the most important external relationships, cited by 87% of CEOs, followed by informal CEO networks at 47%, and public-private partnerships at 32%. Nearly half of those who prioritized business alliances said those relationships had become more important over the past year. The prominence of informal CEO networks is particularly revealing. These relationships give executives access to peers…