The top challenges for today's CEO

The modern CEO has access to a more complete and comprehensive tool belt than any of his or her predecessors, yet a survey by business management software company Khorus shows executive knowledge often falls woefully short. Of the 200 CEO's included in the survey, nearly all reported that they require more internal information to manage their organizations effectively.

With the advancement of analytic technologies and ERP systems, most CEOs face a glut of data, but report having insufficient tools and processes to guide implementation. The CEO's main responsibility is to deliver performance, but each of the 200 surveyed indicated they are facing one or more internal business performance challenges preventing them from taking their organization in their preferred direction. 

The most popular challenges included aligning employee output with corporate objectives (59 percent), capturing and predicting company performance (57 percent), generating cross-department collaboration (49 percent), and improving employee motivation (34 percent), according to Forbes analysis of survey data. 

One possible explanation for these difficulties offered by the source is that CEOs are not communicating their strategy clearly enough to employees, leading to confusion among the rank-and-file about how their contributions align with overarching organizational goals. This can lead to wasted productivity and resources, as departments define their own goals and stray from the original vision for the organization. 

To address this issue, organizations are encouraged to seek change management consulting that can help ensure all employees subscribe to overarching goals and understand how their daily contributions drive overall success. An effectively aligned workforce is more engaged in their work, enjoys more motivation and is more productive than teams than do not understand or ignore an organization's direction.

To fully enjoy the benefits of an aligned workforce, the entire organization needs to come on board with change. For an organization that is already facing challenges, organizational change management can present a burden executives do not have enough time to properly manage. Retaining a consultant can help ensure that the entire organization understand how their teams' efforts help the company reach its goal.