Home / Business Insider / VIDEO & INTERVIEW: How CEOs Stymie Their Own Digital Transformation |Knowledge@ Wharton

VIDEO & INTERVIEW: How CEOs Stymie Their Own Digital Transformation |Knowledge@ Wharton

CEOs and other senior leaders have to “reinvent themselves, otherwise, they are going to get reinvented by the market they are facing.”   – Mike Useem

The pace of change in the digital world can be dizzying for any executive.

But it is especially critical for the CEO and other top managers to get a good grasp on this shift in order to make good decisions. However, often the biggest hurdle they face in their digital education is themselves. Ego, fear of failure and a reluctance to admit ignorance in front of subordinates can stymie an executive’s digital education.

“The technologies out there and what customers want are changing more rapidly now than, say, 15 or 20 years ago.” — Michael Useem

In the past, companies would just replace a CEO if the market changed. But digital shifts today are coming too swiftly – sometimes in a matter of months – so that it is not realistic to keep switching captains. That is why senior business leaders, as a first step, must admit that they need help and find ways to get it.

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Knowledge@Wharton sat down with Mphasis CEO Ganesh Ayyar and Wharton professor and leadership expert Michael Useem to talk about the challenges facing the CEO’s digital education. What follows is an edited version of that conversation.

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