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10 CEOs Make Predictions For The Future Of Business In 2016

Source| FastCompany

2016 is already being called the a “year of change.” So what changes are on the horizon? We got some insights from 10 leaders and here’s what they predict for 2016.

1. MORE FEMALE FOUNDERS

—Sallie Krawcheck, CEO of Ellevest

More women are finding an entrepreneurial spirit, with many doing it later in life, says Sallie Krawcheck, CEO of Ellevest, investment resource provider for women.

“[There is] a growing recognition that it’s not just one or two or three female entrepreneurs who can be successful, as in the old days of one-seat-at-the-table-for-a-woman in corporate America,” she told LinkedIn. “Instead, there is room for the pie to grow and for us lift each other up.”

2. A FOCUS ON CORPORATE TRANSPARENCY

—Avinoam Nowogrodski, CEO of Clarizen

Controversies at companies like Volkswagen are driving big companies to rethink transparency, says Avinoam Nowogrodski, CEO of project management software provider Clarizen.

“More enterprises will embrace a ‘sense and respond’ leadership style rather than ‘command and control,'” he says. “The emergence of in-context collaboration will power this workplace transparency, as knowledge shifts from specific individuals to being shared among all employees.”

3. TECH COMPANIES WILL DRIVE THE ECONOMY

— Sheeroy Desai, CEO and co-founder of Gild

While some analysts are predicting 2016 will be a dud when it comes to the economy, Sheeroy Desai, CEO and co-founder of hiring software provider Gild, feels bullish.

“In 2016, we will see the U.S. economy continue to expand and grow stronger,” he says. “In particular, we’ll see that the tech economy will pick up steam and more ‘unicorns’ emerge, along with hearing more talk about a tech bubble. There will also be more exits in tech through increased merger and acquisition activity and more IPOs.”

4. AN INCREASED EMPHASIS ON INNOVATION

— Dan Lee, director of NextDesk

Innovation is changing the business landscape at warp speed, and Dan Lee, director of smart desk manufacturer NextDesk, says companies must shift the way they operate if they are to survive. “What used to be called ‘transformation’ is now more like transmutation,” he says. “Companies that were able to prosper by moving at a deliberate and slow pace will be extinct within as little as five years. Those companies that stay on the cutting edge of innovation will direct where we are going.”

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