"For the past two-and-a-half decades, the mandate for global business leaders was relatively straightforward: grow the existing business, allocate capital efficiently, and implement technology to drive productivity. But Mohamed Kande, global chairman of PwC, speaking to Fortune in Davos, Switzerland, ahead of the World Economic Forum's annual meeting, insisted that era is over. Kande argued that the CEO job has changed more in the past year than anything he's seen over the last quarter-century."
""This is one of the most testing moments for leaders," Kande told Fortune 's Diane Brady, describing a new "tri-modal" mandate that requires executives to simultaneously run their current business, transform it in real time, and also build entirely new business models for the future. "I've not seen that in 25 years," he said."
"Of course, a primary driver of this unsettling change is the rapid adoption of artificial intelligence (AI), as revealed in PwC's 29th global CEO survey, " Leading Through Uncertainty in the Age of AI," released at the onset of the annual meeting in Davos. Based on responses from 4,454 CEOs across 95 countries and territories, the survey reveals a stark disconnect between ambition and reality."
The CEO role has changed dramatically in the past year, requiring a tri-modal mandate: run the current business, transform it in real time, and build entirely new business models for the future. Executives face one of the most testing moments in decades due to rapid technological and economic disruptions. Rapid adoption of artificial intelligence is a primary driver of that change. Historical examples such as tariffs and the industrial revolution demonstrate that disruptive periods can eventually yield positive outcomes. A PwC global CEO survey of 4,454 CEOs across 95 countries shows a stark disconnect between AI ambition and execution. Optimism and adaptive leadership are presented as necessary responses.
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