COVER STORY
TOOLS, TRAINING AND DEVELOPMENT: THE BENEFITS OF UPSKILLING THE TEAM Maintaining the core values, clear processes, and effective risk management practices will ensure stability and consistency in the leadership approach. Leadership must establish clear and effective communication channels that align with the company’s mission and goals.
WHAT ARE SOME OF THE BIGGEST LEADERSHIP CHALLENGES THAT EXECUTIVES FACE TODAY? In a business world awash with a permacrisis and economic uncertainty, business leaders are faced with trying to deliver more with less while helping steer a safer course for the company. Every leader I talk to is feeling the pressure to digitize their business and find efficient and timely ways to manage risk better at every level. According to a recent PwC CEO survey, most regional CEOs, specifically two-thirds, view technological disruption as a primary concern. Given the current macroeconomic climate, that means executives need to be equipping their employees with the mission-critical tools to drive value and results backed by data. There is a significant scarcity of data professionals on a global scale, which is the largest in history. This shortage is compounded by widespread disruption, slow hiring processes, and a rapidly evolving competitive environment, and its effects are strongly felt across various roles, from skilled data scientists to knowledge workers within departments. A survey by PwC
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Middle East found that 46% of respondents in the UAE and 58% in Saudi Arabia said there is a skills shortage. With more decisions and every decision carrying more weight, now is the time to invest in employees and provide them with the right tools and training to make every employee more productive.
HOW DO YOU DEVELOP AND MAINTAIN A STRONG CORPORATE CULTURE IN YOUR ORGANIZATION? As with everything, corporate culture needs to trickle down from above. The leadership team must be all-in on the culture they want to see while
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