Welcome!

News Feed Item

The Face of Today's CEO: New Study From Domo and CEO.com Captures 360 Degree View of Corporate Leaders

Survey Reveals That Employees Want More Frequent, More In-Depth Communication From Their CEOs, Among Other Surprising Findings

SILICON SLOPES, UT--(Marketwired - June 11, 2014) - CEOs work hard to manage their brands and balance the demands placed on them by a variety of stakeholders. But what do employees and executives really think of their corporate leaders -- and how do CEOs perceive themselves? These are some of the questions we set out to answer in a revealing new study sponsored by Domo and CEO.com, an online resource that enables busy executives to stay up to date with the latest news and best practices in business management.

Based on responses from 1,500 CEOs, executives and general employees across a variety of industries, the study paints a comprehensive picture of today's CEOs and their leadership style, including the way they communicate, motivate and prioritize. The research found that, although CEOs and employees think about leadership in similar ways, there are many instances in which CEOs and employees are in disagreement.

For instance, 79% of executives and 74% of general employees say they would like to receive communications from their CEOs at least monthly. Yet more than a quarter of executives and general employees report hearing from their CEOs less than once a quarter. The research also found that 84% of CEOs say they never use company meetings to reprimand employees but 10% of employees and executives perceive that blame and rebuke are all they hear from their CEO.

Going deeper into the numbers, the survey shows that executives overall are much more critical of their CEO's communication style than are general employees. Executives are twice as likely to say their CEO always focuses on negatives or never focuses on positives when communicating with the company. And just 17% of executives say their CEO always celebrates company successes, compared with 31% of general employees.

"Being a great business leader isn't simply about product development or corporate finance, it's also about effective communication," said Josh James, founder and CEO of Domo. "As this study clearly shows, communication skills are vital for every CEO. Your employees want to hear from you and they want to be inspired by you. In today's social world, there are so many ways to effectively communicate with your employees beyond the typical company meeting -- whether through a blog, video, Twitter, email, etc. If you're not leveraging multiple channels to get your message across and instill vision, you're missing an opportunity to connect with your employees and drive the business forward."

When it comes to inspiring employees, CEOs are not as effective as they should be. While everyone agrees that fear is not an effective motivational tool, CEOs rely on it more than they think. According to the study, only 10% of CEOs claim to use fear as a motivator yet executives rank fear as the number-one motivational tool of their CEOs. Perhaps that's why 46% of executives say they need to massage and manipulate data to make it look good before handing it over to their CEOs. Both executives and general employees say that instilling vision is the most effective motivational strategy, with fear ranking dead last.

There are plenty of things that CEOs are doing right. For example, 87% of executives feel their CEOs respect their opinions and more than two-thirds are comfortable going to the CEO with an idea. Additionally, executives find their CEOs to be quite responsive, with 69% reporting that they receive email replies from their CEO within the day. Moreover, 60% of executives and general employees choose positive adjectives to describe their CEOs, with words like "intelligent," "nice," "honest," "competent," "visionary" and "hardworking" leading the way.

Still, the disconnect between CEOs and their employees persists. Across the board, CEOs believe they're placing a strong emphasis on positive actions, while their executive teams are not so sure. For instance, 42% of CEOs rank "recognizing and rewarding achievement" as their most important priority, yet only 17% of execs agree. And 39% of CEOs say "caring about the success and welfare of individual employees" is most important to them but just 19% of executives concur. Finally, 31% of CEOs identify "seeking ideas and input from employees at all levels" as their top concern but only 14% of their executives agree.

Other notable survey findings include:

  • 39% of CEOs feel they make less than their fair share but only 7% of executives and 4% of general employees agree.
  • CEOs say they work an average of 64 hours each week.
  • 54% of executives say CEOs micromanage and/or interfere with company progress.
  • CEOs, executives and general employees all agree that motivating and inspiring employees should be the CEO's highest priority.

A complete copy of the report is available for download at CEO.com

About the Survey
CEO.com surveyed 1,500 CEOs, executives and general employees from companies across a wide range of industries to provide a multidimensional look at the leadership style of today's CEO.

About CEO.com
CEO.com was launched by Omniture cofounder and longtime CEO Josh James, before he launched Domo, to help business executives stay up to date with the latest news and best management practices across top industries. CEO.com is now sponsored by Domo.

About Domo
Domo is a cloud-based executive-management platform that redefines the business intelligence market and transforms the way business is managed. Domo gives users direct, real-time access to all the business information they care about, all in one place.

With more than $125 million in funding, Domo is backed by an all-star list of angels and investors, including Benchmark Capital, Andreessen Horowitz, IVP, Ron Conway and David Lee of SV Angel, Hummer Winblad, plus a who's who of SaaS and Internet technology.

Domo's founding team consists of some of the most sought-after talent in the industry, with experience including Amazon, American Express, Ancestry.com, eBay, Endeca, Facebook, Google, LinkedIn, MLB.com, Omniture, Salesforce.com and SAP.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We are a custom software development, engineering firm. We specialize in cloud applications from helping customers that have on-premise applications migrating to the cloud, to helping customers design brand new apps in the cloud. And we specialize in mobile apps," explained Peter Di Stefano, Vice President of Marketing at Impiger Technologies, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...