A new study released today by MIT Sloan Management Review (MIT SMR) and Cognizant reveals that most executives around the world are out of touch with what it takes to lead effectively and for their businesses to stay competitive in the digital economy. Reliance on antiquated and ineffective leadership approaches by the current generation of leaders is undermining organizational performance. To remain competitive and lead effectively, executives will need to fully reimagine leadership, the study’s authors have found.
“We are on the precipice of an exciting new world of work, one that gives executives an opportunity to chart a new course for what their leadership should look like, feel like, and be like,” said Doug Ready, senior lecturer in organization effectiveness at the MIT Sloan School of Management and guest editor of the report. “Yet, our study suggests that digitalization, upstart competitors, the need for breakneck speed and agility, and an increasingly diverse and demanding workforce demand more from leaders than what most can offer. The sobering data underscores the urgent need for a fully reimagined playbook for leaders in the coming digital age.”
The study, as reported in “The New Leadership Playbook for the Digital Age: Reimagining What It Takes to Lead“ is based on a survey of 4,394 global executives from over 120 countries, 27 executive interviews, and focus group exchanges with next-gen global emerging leaders. The data reveals:
- Only 12% of respondents strongly agree their own business leaders have the right mindsets to lead them forward, and only 9% agree that their organization has the skills at the top to thrive in the digital economy.
- Only 13% strongly agree their organizations are prepared to compete in increasingly digitally-driven markets and economies.
- A large majority, 71%, of respondents believe that they are personally prepared to lead in the digital economy. The same group scores significantly lower when asked whether they possess specific digital skills, such as using data analytics to influence their decision-making (55%) or advocating for the use of machine learning technologies in their organizations’ operations (50%).
- While 82% agree the new economy will need “digitally savvy” leaders, less than 10% strongly agree their organizations have the right leadership to thrive in the new digital economy.
- Just 40% believe that their organizations are taking the necessary steps to build robust digital leader pipelines.
“A generation of leaders in large companies are out of sync, out of tune, and out of touch with their workforces, markets, and competitive landscapes. What got them to their current exalted status won’t be effective much longer — unless they take swift action,” said Benjamin Pring, report coauthor and director of the Center for the Future of Work for Cognizant. “Allowing unprepared senior executives with outdated skills and attitudes to stick around forces next-generation, high-potential leaders to move on to new pastures, which harms morale and ultimately shifts the organization further away from where market demand is heading.”
The authors identify three categories of existing leadership behaviors (the 3Es); these include:
- Eroding behaviors, or antiquated leadership patterns such as relying upon hierarchy for influence, command-and-control decision-making, and rigid strategic planning.
- Enduring behaviors, evergreen and time-tested leadership attributes and behaviors including ethics, trust, and integrity.
- Emerging behaviors, including digital savviness and collaboration skills.
“Our experience suggests that the most advanced leadership teams are those committed to developing these 3Es in their organizations,” added Carol Cohen, report coauthor and senior vice president, global head of talent management and leadership at Cognizant. “A key to success is artfully introducing new leadership approaches that particularly appeal to a new generation of employees while at the same time honoring the time-tested behaviors and attributes that inspire trust, build a sense of community, and motivate employees to improve performance.”
The authors caution that the primary leadership challenges in the digital economy are not solved by merely adopting a group of these 3E behaviors but require developing new mindsets that anchor, inform, and advance these behaviors. They identified four distinct mindsets that together constitute what they believe are the new leadership hallmarks in the digital economy and illustrate through data and case studies how they can shape successful leadership. They include:
- Producer mindset: The producer mindset combines a focus on customers with a focus on analytics, digital savviness, execution, and outcomes.
- Investor mindset: Leaders with an investor mindset pursue a higher purpose than shareholder returns.
- Connector mindset: The connector mindset demonstrates a mastery of relationships, partnerships, and networks to drive organizational effectiveness.
- Explorer mindset: Explorers are curious, creative, and operate well in ambiguous situations. They engage in continuous experimentation, encourage failure, and learn by listening to a variety of voices.
The report also offers further recommendations for a new leadership playbook and briefs leaders on the need to articulate a powerful leadership narrative, build communities of leaders, demand diversity and inclusion, and align talent, leadership, and business strategies.
About the Authors:
Doug Ready is a senior lecturer in organizational effectiveness at the MIT Sloan School of Management, the founder and CEO of the International Consortium for Executive Development Research, and an MIT Sloan Management Review guest editor.
Carol Cohen is a senior vice president of global talent management and leadership at Cognizant. She is a founding board member of the $100 million Cognizant U.S. Foundation, and a board member of the National Center for Women and Information Technology.
David Kiron is executive editor, Big Ideas, at MIT Sloan Management Review. For the last eight years, he has led MIT SMR’s research efforts in the areas of artificial intelligence, the future of work, sustainability, digital transformation, internet of things, and other pivotal management topics.
Benjamin Pring cofounded and leads Cognizant’s Center for the Future of Work. He is a coauthor of a number of bestselling and award-winning books on how new technologies are changing the future of work.
SOURCE MIT Sloan Management Review
Global Penetration Testing Market 2020-2025 – Increased Adoption of Cloud-based Penetration Testing Presents Opportunities
Dublin, July 10, 2020 (GLOBE NEWSWIRE) — The “Penetration Testing Market by Component (Solutions & Services), Application Area (Network Infrastructure, Web Application, Mobile Application, Cloud, & Social Engineering), Deployment Mode, Organization Size, Vertical, and Region – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.This market study covers the penetration testing market size across segments. It aims at estimating the market size and the growth potential of this market across segments categorized into components, application areas, verticals, and regions. The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.Significant rise in mobile-based business-critical applications require more secure endpoint protection is driving the overall growth of the penetration testing marketThe market growth is driven by various factors, such as the need to secure endpoint protection due to the significant rise in mobile-based business-critical applications and enterprises moving toward implementing security measures due to increased sophistication in cyberattacks.By application area, the mobile application penetration testing segment to grow at the highest CAGR during the forecast periodMobile application penetration testing is basically for mobile-based applications which is done by trying to break into various mobile applications through different vectors. The methodology is a security testing, which is used to analyze security from the inside of a mobile environment. The mobile application penetration testing methodology concentrates on file system, hardware, and network security.The test results can provide an organization with knowledge of the vulnerabilities in the mobile application, loopholes, and attack vectors before delivering an app to the user, thus offering insights on how to mitigate the potential risks of mobile applications and secure the user credentials associated with it. Mobile application users are becoming aware of the different threats and thus the deployment of mobile application penetration testing is rapidly increasing. Therefore, the mobile application penetration segment is expected to grow at the highest CAGR during the forecast period.By deployment mode, the cloud segment to grow at a higher rate during the forecast periodIn the cloud deployment mode, instead of implementing the software solution on the local hardware, businesses subscribe to the solution hosted on a third-party remotely located server. By opting for cloud-based solutions, organizations can avoid costs related to maintenance of infrastructure and technical staff.Cloud-based platforms are beneficial for organizations that have strict budgets for security investments. Small and Medium-sized Enterprises (SMEs) deploy their identity verification solutions on the cloud, as it saves them from investing their capital on security infrastructures. Hence, the cloud deployment segment is expected to grow at a higher CAGR.Asia-Pacific to register the highest growth rate during the forecast periodAsia-Pacific (APAC) has great scope for the growth of the penetration testing market. The penetration testing market in APAC is anticipated to grow significantly, due to increasing government investments in improving security posture, increased sophistication of cyberattacks, and the amalgamation of technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) with penetration testing.The fast expansion of regional enterprises in APAC is another crucial variant contributing to the growth of the penetration testing market. In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people.Key Topics Covered
1 IntroductionFor more information about this report visit https://www.researchandmarkets.com/r/fm043xResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
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The Global Beauty Drinks Market is expected to grow from USD 1,943.82 Million in 2019 to USD 3,004.65 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 7.52%
New York, July 10, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Beauty Drinks Market Research Report by Ingredient, by Type, by Demography – Global Forecast to 2025 – Cumulative Impact of COVID-19” – https://www.reportlinker.com/p05913553/?utm_source=GNWClare: email@example.com
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Intrusion Detection and Prevention Market to grow at 9% CAGR to hit US $7 billion by 2025– Global Insights on Key Trends, Investments Analysis, Expansion Plans, Leading Players and Future Outlook: Adroit Market Research
Dallas,Texas, July 10, 2020 (GLOBE NEWSWIRE) — The “Intrusion Detection and Prevention Market by Component (Platform and Services), Type (Wireless-Based, Host-Based, Network-Based, and Network Behavior Analysis), Industry Vertical (BFSI, IT & Telecom, Healthcare, Retail, Manufacturing, and Others), and by Region, Global Forecast, 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.Request a pdf sample at https://www.adroitmarketresearch.com/contacts/request-sample/1542The global intrusion detection and prevention market size is anticipated to reach over USD 7 billion by 2025. It is expected that it will grow at a CAGR of over 9% during the forecast period 2018-2025. The intrusion detection and prevention is the procedure of examining the actions happening on the network and evaluating them for any future incidents or threats. Also, with the capability of automation and artificial intelligence, the intrusion detection, and prevention systems not only detect the prominent threats but they automatically take preventive measures against such threats. Hence, eliminates the need for checking every single security issue by the security administrator.The current and future intrusion detection and prevention market advances are defined to state the attractiveness of the market. Key impacting aspects focus on the intrusion detection and prevention market opportunities during the forecast period. Factors such as the rising number of cyber-attacks and data breaches are also the vital factor boosting the global intrusion detection and prevention market growth. Also, the growing data protection regulations and laws are other factors boosting the demand for intrusion detection and prevention solutions. However, However, the availability of free and open-source solutions are expected to impede market growth. Furthermore, the rising demand for cloud-based solutions and the growing BYOD trend in various organizations are some of the key factors expected to provide major growth opportunistic for the market in forthcoming years.Browse the full report with Table of Contents and List of Figures at https://www.adroitmarketresearch.com/industry-reports/intrusion-detection-and-prevention-marketThe report also highlights various aspects of the global intrusion detection and prevention industry by analyzing the market through value chain analysis. Besides, the Intrusion Detection and Prevention market report covers different qualitative aspects of the intrusion detection and prevention industry in market drivers, key industry opportunities, and restraints. Furthermore, the report proposes a comprehensive valuation of the market competitiveness along with company profiling of residents as well as global vendors.The intrusion detection and prevention market has solid competition among the early established and new players. Also, to capture a competitive advantage over the other industry players many industry players are aiming potential markets by forming collaboration and partnerships, agreements, mergers & acquisitions, acquiring new startups & other companies, and escalating their business presence.Direct purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1542In terms of industry vertical, the market is segmented into BFSI, IT & telecom, healthcare, retail, manufacturing, and others. The IT and telecom industry dominated the overall IDP market in 2019 and it is expected to do so throughout the forecast period. The growth of this segment is mainly attributed to the increasing attacks on IT infrastructure. However, the BFSI industry is anticipated to gather the major market growth during the forecast period due to the increasing adoption of smart banking solutions.The Asia-Pacific region is projected to experience the highest growth throughout the forecast period. On the contrary, the North American region dominated the overall market in 2019 and it is expected to maintain its position throughout the forecast period 2018-2025. The dominance of this region is mainly attributed to the stringent regulations and increasing government initiatives to counter cyber-attacks.Are you looking for a DISCOUNT? If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1542The major players of the global intrusion detection and prevention market are Cisco, IBM, Palo Alto Networks, McAfee, Trend Micro Incorporated, Fortinet, FireEye, AT&T Intellectual Property, Darktrace, and Huawei Technologies Co. Moreover, the other potential players in the intrusion detection and prevention market are WatchGuard Technologies, Vectra AI, Armor Defense, Hilstone Networks, and AlertLogic. The recognized companies are coming up with innovative and new Intrusion Detection and Prevention Types. For instance, in April 2019, Trend Micro, a cybersecurity solutions provider partnered with Luxoft Holding, a digital strategy firm. With this partnership both the companies are planning to introduce Intrusion Prevention Systems (IPS) and Intrusion Detection System (IDS) to detect and prevent cyber-attacks on connected cars.Major points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Intrusion Detection and Prevention Market by Component
Chapter 6 Intrusion Detection and Prevention Market by Type
Chapter 7 Intrusion Detection and Prevention Market by Industry Vertical
Chapter 8 Intrusion Detection and Prevention Market by Region
Chapter 9 Competitive Landscape
Chapter 10 Company ProfilesAccess research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.Contact Us:
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