Credit: Presidential podium image via Shutterstock
Not surprisingly, a majority of CEOs think that a business leader will make the best president, according to a new poll.
A study by the Korn/Ferry Institute, the research arm of talent management solutions provider Korn/Ferry International, revealed that 65 percent of business executives believe a corporate CEO is better or equally skilled to serve as U.S. president than a candidate with a traditional political background.
A number of the abilities business executives believe a successful president must have are also those that make an effective leader at work. Nearly 80 percent of those surveyed say negotiation and compromise are imperative in a successful president.
"Whether you're the CEO of a multinational company or the president of the United States, the foundational competencies of effective leadership are typically calibrated around the ability to deal with ambiguity, build effective teams and motivate others toward a common vision," said Ana Dutra, CEO of Korn/Ferry's Leadership and Talent Consulting. "The proven ability to master these mission-critical leadership competencies is often what separates executives who rise to the top of the organization or the political official who gains prominence and stature in our nation's capital."
Despite the wide support in the survey for a CEO's ability to be an effective president, the study found that nearly three-quarters of business executives would pass on the opportunity.
Dealing with voters, rather than shareholders, is one reason why most executives wouldn't want the job. The survey revealed that the majority of executives think the task that a U.S. president faces in maintaining the confidence of voters is more difficult than preserving the support of shareholders and directors as CEO.
The study was based on surveys of more than 100 executives globally registered with the Korn/Ferry's online Executive Center.