
How Low-Ego Leaders Are Outperforming the Loud Ones
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
July 6, 2023: On Wednesday, China’s assistance movement grew at the slowest pace in five months in June, a private-sector survey showed, as weakening demand weighed on post-pandemic healing momentum.
The Caixin/S&P Global services buying managers’ index (PMI) eased to 53.9 in June from 57.1 in May, the lowest reading since January when Covid-19 swept through the country after authorities ditched anti-virus curbs. The 50-point pattern divides growth from contraction in movement.
The data broadly tracked the country’s official PMI released last week and showed a slowdown in favor sector activity as demand for in-person services weakened.
After rising at a faster-than-anticipates rate in the first quarter, the world’s second-biggest economy lost moisture in April-June amid steepening deflation, high youth unemployment, and sluggish foreign demand.
The Caixin PMI indicated that business activity and new orders expanded at notably slower rates last month than in May. New export business growth also slowed but maintained a brisk pace.
Services companies signaled a solid rise in input costs at the end of the second quarter, with the rate of inflation little changed from May, while prices charged by service providers increased marginally in June.
Surprisingly, firms’ optimism towards the 12-month outlook strengthened, with companies hoping more muscular economic conditions and significant amounts of new work to support growth.
The rate of job creation in the services sector also increased to a three-month high but stayed mild overall. About half of employed Chinese work in the sector.
Caixin/S&P’s combined PMI, which includes manufacturing and services activity, decreased to 52.5 from 55.6 in May, approximately the sixth consecutive month of expansion.
“Employment contracted, deflationary pressure mounted, and optimism waned in the manufacturing sector,” said Wang Zhe, senior economist at Caixin Insight Group. “Therefore, the services sector continued a post-COVID rebound, but the recovery was losing steam.”
On Monday, Nomura chief China economist Ting Lu said in a note that there is additionally proof of an economic double-dip as the year’s second half begins.
China removes its second-quarter GDP data and June activity indicators in mid-July.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
But the CEOs who make history in downturns aren’t the ones with the deepest cuts
Companies invest millions in leadership development, yet many of their best executives leave within a few years. Why?
The most successful business leaders don’t just identify gaps in the market; they anticipate future needs before anyone else.
With technological advancements, shifting consumer expectations, and global interconnectedness, the role of business leaders
The leadership landscape is profoundly changing, influenced by technological advancements, shifting workforce expectations, and the need for adaptability in an unpredictable global environment.
May 14, 2025: Canada–U.S. relations are under intense strain following a new wave of tariffs imposed by the Trump administration.
Loud leaders once ruled the boardroom. Charisma was currency. Big talk drove big valuations.
May 12, 2025: Ukrainian President Volodymyr Zelensky has publicly challenged Vladimir Putin to attend in-person peace talks,
April 29, 2025: Mark Carney has secured a decisive victory in Canada’s federal election, returning to national leadership after years at the helm of major central banks.