
Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
November 01, 2022: -Even as the global economy is looking for a recession, South Korea’s economy experienced a slight growth backed by what one analyst attributed to “revenge spending” as the country is reopening.
According to Bank of Korea data, gross domestic product rose 0.3% for the July-September period, the slowest quarterly growth seen in a year. It increased by 0.7% in the previous quarter.
“I think that the momentum domestically is resilient,” said Kathleen Oh, Bank of America’s Korea economist.
“Consumption holds up a strong as it reopens and pent-up demand in services; we’re experiencing particularly strong ‘revenge spending’ in leisure, entertainment, and travel,” she stated. That domestic demand will support continued growth until this year.
South Korea’s third-quarter GDP report showed growth was primarily backed by consumer spending and investment in facilities, growing 1.9% and 5%, respectively.
Reopening-improved pent-up consumer spending slowed while investment showed a better resilient recovery.
According to the Korea Culture and Tourism Institute, the total expenses for tourism and leisure activities from January to October were nearly 67 trillion won. While it was over 5% lower than in a similar period in 2019, before the pandemic, it still experienced over 21% increase from the previous year.
Spending dropped over 28% in 2020 in the same period in 2019 and maintained similar levels in 2021.
“Private consumption maintained an overall robust speed of increase,” Goldman Sachs analysts added in a note that it was stronger than expected and driven by spending on automobiles and services.
Economists at ING said, “Reopening increased pent-up consumer spending slowed while investment showed a more resilient recovery.”
The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
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
Maushum Basu is a visionary leader who inspires his team with a clear, compelling purpose. Unafraid to take calculated risks, he understands that growth often stems from change and innovation. His deep commitment to both Airia Brands, Inc.
When speaking with Martin Paquette, one thing is immediately apparent: he’s honest. His transparency is refreshing. While many shy away from such vulnerability, Paquette sees it as a force to reckon with. The incredible emotional intelligence speaks to years of looking within—it’s also what allows him to acknowledge his mistakes gracefully and use them as opportunities to innovate.
Marina Charriere, CEO of Star Drug Testing Services, Star Drug Testing Services (Windsor Park), and First Defence Face Masks go hand in hand. Star is a drug and alcohol testing facility, and First D F M is a face mask company.
Lejjy Gafour, CEO, CULT Food Science Corp. Lejjy is a self-taught entrepreneur and experienced company operator who made his start creating opportunities at the young age of 14, and he has been working, leading, and building businesses ever since.
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you