The 3 Challenges Every New CEO Faces | The way out of burnout | Gen Z is souring on college degrees as a path to success, sociology professor says. They have a good reason: Skills-based hiring is the way of the future

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The 3 Challenges Every New CEO Faces - Harvard Business Review    A series of interviews with experienced leaders at a wide range of international companies suggests that there are three particular leadership challenges that new CEOs must confront in order to succeed: efficiently managing their energy, productively engaging their board and external stakeholders, and making sure that the right information comes up to them and out to the board and external stakeholders. Close to 50 percent of chief executives say that the role was “not what I expected beforehand.” This was one finding from a series of interviews we conducted recently with 20 current and former CEOs of large public companies, including Bupa, Husky Energy, Standard Chartered, ATCO, and Lloyds Banking Group. The goal was to identify some of the challenges and best practices that senior executives should consider when assuming the CEO role in businesses today. The disconnect between the expectation and the reality of being a CEO — mentioned not only by those in our interviews whose tenure proved to be short and arduous but also by successful leaders — could be one reason why the median tenure of chief executive officers at S&P 500 companies was only five years at the end of 2017, down from six years in 2013. During that five-year period, more than 280 chief executives in the S&P 500 left their positions. Continued here Don't like ads? Go ad-free with TradeBriefs Premium The way out of burnout - The Economist    This article is part of our Summer reads series. Visit the full collection for book lists, guest essays and more seasonal distractions. A patient of mine named Elliot recently took a week off from his demanding job as a GP. He felt burnt out and badly needed to rest. The plan was to sleep late, read a novel, take the odd leisurely walk, maybe catch up on “Game of Thrones”. But somehow he found himself instead packing his schedule with art museums, concerts, theatre, meetings with friends in hot new bars and restaurants. Then there were the visits to the gym, Spanish lessons, some flat-pack furniture assemblage. During the first of his twice-weekly evening sessions, he wondered if he shouldn’t slow down. He felt as exhausted as ever. Facebook and Twitter friends were joking about how it all sounded like harder work than work. “I’m trying to figure out how I’ve managed to be doing so much when I didn’t want to be doing anything. Somehow not doing anything seems impossible. I mean, how can you just…do nothing?!” Continued here Gen Z is souring on college degrees as a path to success, sociology professor says. They have a good reason: Skills-based hiring is the way of the future - Fortune    In what is sure to be shocking news, college students feel differently about major issues than their parents did. The topic of the hour is college itself. According to many young people, the herculean four-year undertaking is no longer worth the trouble.  The parents of today’s college students often told them going to college would provide a path to job security, which would eventually blossom into a fruitful career. That comes with the generational benchmarks of home ownership, a vacation fund, and even the ability to provide for a family, and the next generation’s education, too. That’s what the American Dream purported to offer, at least, until Gen Z came along and upended it.  “Historically, we were told, ‘For 20 years you learn, for 30 years you lead, and maybe for 20 years, if you’re lucky, if you live this false American dream, then you get to live,’” Ziad Ahmed, the founder and CEO of Gen Z-focused consulting firm JUV Consulting, said at Fortune’s Impact Initiative conference last week. “Gen Z is taking the microphone back and saying, ‘Hell no. I want to learn, I want to lead, and I want to live simultaneously. And you’ll be damned if you tell me otherwise.’” Continued here

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