A recent Andersen Consulting/Economist Intelligence Unit survey found that only 21 percent of leaders believe they are prepared to lead the corporation of the next century. The reason is that leading a large company today requires far more leadership skills than in the past. Earlier this year, Andersen Consulting conducted a multinational study to identify the leadership challenges of the next century. conversations with nearly 100 CEOs revealed that not only are leadership skills rising in importance, but they are converging. In other words, while a typical company may find it urgently needs six leadership skills today, tomorrow it will likely need twice as many. This environment can create a high level of organizational and personal stress.
“The CEO is ultimately the focal point of all company stress” (Marino, 1997). A recent study by Sutherland and Cooper (1995) has shown that 25 percent of CEOs from Europe’s top 100 companies believed that they were at risk from job burnout (physical and emotional exhaustion). When asked to identify the most significant stressor, CEOs responded that demands of work on their private and social lives and demands of work on their relationships with family were two of the top three stressors.
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