10/01/2024

Why Confidence Matters in a CEO

Assertiveness is rooted in hard data and soft skills

A confident CEO is a good thing: Not only can they serve as an inspiration to a team, they can move markets. A recent EY report on CEO confidence notes that much of the global economy turns on leaders' decisions in the face of risk.

"History shows that a lack of confidence among business leaders can significantly contribute to or worsen economic downturns," the report indicates. When CEOs are cautious, "pessimism can become a self-fulfilling prophecy…further eroding confidence and perpetuating the cycle of economic contraction, potentially deepening a recession or prolonging a downturn."

In short, the well-being of the economy relies a lot on your personal attitude. No pressure!

Please select this link to read the complete article from ASAE’s Center for Association Leadership.