Source | DDI WORLD
Science says social CEOs are good for business
There are the obvious reasons CEOs should adopt social media. With the crazy pace of change in markets and technology, social media facilitates the flow of real-time information and communication. It allows more CEOs to reach more people, in more places, in less time, and for less money. And, it can be used as a platform for rapport- and brand-building. Being social is clearly good for CEOs but, as our new research shows, social CEOs are also great for organizations.
Better at six behaviors
The latest results from DDI’s High-Resolution Leadership study—a big data compilation comprising 15,000-plus assessment participants (243 CEO candidates)—indicate that social savviness is more than a resume nice-to-have. It is, instead, a powerful selection criterion. We found that social CEO candidates excel in six behaviors and are:
- 89% stronger than non-social CEO candidates at Empowering Others
- 46% stronger at Influence
- 52% stronger at Compelling Communication
- 36% stronger at Cultivating Networks
- 19% stronger at Passion for Results
- 16% stronger at Decision Making
Social CEO candidates also share personality traits that make them better wired for business judgment than their non-social counterparts. They are more apt to take action, and less predisposed to judgment- impairing attributes (i.e., argumentative and avoidant). And, while CEOs tend to crave the spotlight, social CEOs are more attention-seeking than their peers. With respect to judgment, this is the one negative in the mix of personality positives.
The era of the Social CEO
Curious about how social current CEOs are, we searched the top two professional social platforms—LinkedIn and Twitter—for C-suite executives listed among Harvard Business Review’s “Best-Performing CEOs in the World.” To qualify for our “social” designation, CEOs had to be both visible (photo-identified) and connected to other users. We found that only 20 percent of top-performers from Fortune 500 companies are engaged in social media. Of these, 18 percent were on LinkedIn, seven were on Twitter, and only four were utilizing both platforms.
The good news is that next-in-line CEOs are already twice as social. Of the 243 CEO candidates we assessed, 51 percent are active on LinkedIn or Twitter. More than half (of the 243) are on the former, while only four percent utilize the latter.