Ever wondered why the last decade has been riddled with tumultuous financial crises unlike in the past? Globalization may have played a role but for some, it may also be because of who’s on the driver’s seat of most companies in the world.
By Tina Arceo-Dumlao
The year 2012 is claimed to be one of the best years ever for the Philippine economy, with the gross domestic product expected to surpass the government’s target of 5 to 6 percent and the stock market ending the year on its 38th record high, making it the second-best performing market in Asia behind Thailand.
A new IBM study of more than 1,700 chief executive officers from 64 countries and 18 industries reveals that CEOs are changing the nature of work by adding a powerful dose of openness, transparency and employee empowerment to the command-and-control ethos that has characterized the modern corporation for more than a century.