The world needs better leadership by both politicians and business leaders in order to combat worsening global inequality and fears of robotic incursion on the human workforce, the CEO of salesforce.com warned on Saturday.
“We are in a leadership crisis. We are not in a technology crisis; we are in a technology revolution. We are going to see technology shifts and changes on a scale that we have never seen on this planet,” Marc Benioff, the founder and CEO of the cloud-computing company, said at a CNBC panel debate at the World Economic Forum in Davos, Switzerland.
His comments came after a high-profile report by Oxfam out on Tuesday said that the combined wealth of the richest 1 percent of people was set to overtake that of the other 99 percent next year.
“Extreme inequality isn’t just a moral wrong. We know that it hampers economic growth and it threatens the private sector’s bottom line,” Winnie Byanyima, executive director of Oxfam International, said in the report.
Some say that the biggest technological innovations of the last 40 years, like the Internet, have largely benefited the wealthy. In a report on Monday, the World Economic Forum estimated that up to 5.1 million jobs could be lost over the next five years in 15 leading economies due to labor market disruption from the use of robots and artificial intelligence.
However, Erik Brynjolfsson, a professor at the U.S.’s MIT Sloan School of Management, said on Saturday that these technologies could complement existing workforces rather than replace them.
“The biggest misconception I have heard at Davos and recently is this idea that technology is going to come for all of our jobs and there is nothing we can do about. The reality is that it is a tool… One way you can use that technology is to automate jobs and eliminate existing tasks and technology in many cases is a good substitute for humans. But the bigger opportunity is using technology as a complement that is, to enhance human capabilities,” he said at CNBC’s panel discussion.
By Katy Barnato
It can be a real challenge to try to fabricate fun, especially in a group workplace setting. I’m not going to claim to have the perfect answer to that, because I do think fun is much like romance: if you try to force it too much, it’s not going to happen. What you can do, though, is set the stage for it.
The specific attributes that leaders of color bring can be the key to unlocking great leadership — for everyone. To better understand the relationship between leadership and identity, the authors talked to 25 leaders of color across the social sector and drew on their client work. Their research identified several noteworthy assets that leaders of color bring to their organizations.
The mission of a CEO used to be fairly straightforward. Set the vision and strategy of your company and make sure the right people are in the right roles. Above all else, grow as fast and as big as you can. But as the world has changed, so have the demands of the CEO job— and the skills needed to succeed in it.