Dr AndrewWhite Director of the Advanced Management and Leadership Programme at the University of Oxford’s Saïd Business School Has there ever been a time before now where CEOs have faced so many challenges? While delivering profitable growth remains the key element of leading an organisation, it’s also no longer enough on its own. The world is changing, and throwing up ever more disruption, and leaders can’t get away with sitting in their little boxes. Customers, employees and shareholders are calling out leaders and organisations to serve something greater than themselves. With this inmind as we look ahead to theNewYear, here are five things I believe leaders cannot ignore in 2023. 39 LESSONS IN LEADERSHIP 1. Transformation is the new normal The world seems to be changing quicker than it ever has done before. In the past decade, we have seen rapid - and positive - attitude shifts on issues like sustainability and diversity, while the speed of technological advances has been unprecedented. All the while, disruptive events have become ever-present. In 2022, we saw spiralling inflation rates exacerbated even further by Russia’s war on Ukraine, which drove up energy costs across Europe to previously unimaginable levels. All this after two years of COVID lockdowns. For leaders, it has meant organisational transformations have become imperative in order to meet these challenges. I recently led major Saïd Business School research with EY which showed 85% of respondents had been involved in two or more major transformations in the past five years. It shows that in such a fastchanging environment, transformations can no longer be seen as episodic one-off events. Leaders now need to focus on the constant evolution of their organisations in order to survive.
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