Picture this – you’re the CEO of a thriving company, steering the ship through choppy waters, making high-stakes decisions that impact thousands of lives. Sounds like a dream job, right? Well, for many Indian executives, it’s turning into a nightmare.
According to a recent survey by global HR firm Korn Ferry, a staggering 73% of Indian CEOs are struggling with the dreaded “imposter syndrome” – a crippling feeling of inadequacy and self-doubt, despite their impressive credentials and achievements.
The Pressure Cooker of Modern CEO-dom
What’s driving this epidemic of self-doubt among India’s top brass? Well, it seems the job of a CEO has evolved into a veritable pressure cooker of responsibilities. Gone are the days when all they had to worry about was driving growth and keeping shareholders happy. Today’s CEOs are expected to be visionaries, change agents, and even public voices on complex social issues.
The Perfect Storm of Scrutiny and Disruption
From heightened regulatory risks and constant digital scrutiny to the breakneck pace of business disruptions, India’s top executives are feeling the heat like never before. As Navnit Singh, chairman and regional managing director of Korn Ferry India, puts it, “The 24/7 scrutiny of the digital age, coupled with the speed of business disruptions – from technological upheavals to geopolitical tensions – adds layers of complexity that can leave even the most experienced leaders feeling overwhelmed.”
Imposter Syndrome Hits the C-Suite Hardest
Interestingly, the Korn Ferry survey found that the “imposter syndrome” afflicts India’s corporate hierarchy in a rather top-heavy fashion. A staggering 73% of CEOs reported experiencing this phenomenon, followed by 65% of senior executives, 60% of senior leaders, and 57% of mid-level managers. Even first-level supervisors (60%) and individual contributors (50%) weren’t spared from the self-doubt bug.
But it’s not just the sheer volume of responsibilities that’s weighing on India’s CEOs. Many are also grappling with the challenge of adapting to rapidly evolving business landscapes, from the rise of artificial intelligence to the shift towards remote and hybrid work models.
Confidence in the Face of Chaos
Interestingly, the Korn Ferry survey also found that despite their inner turmoil, a vast majority of Indian CEOs (89%) still believe they are fully competent and delivering on the demands of their roles. Additionally, 84% reported feeling fulfilled in their current positions.
So, we have a paradox – Indian CEOs are grappling with overwhelming self-doubt, yet they still maintain a strong sense of confidence and competence. It’s a delicate balancing act that requires nerves of steel and the ability to thrive under immense pressure.
Facing the Future with Courage
In the end, the “imposter syndrome” plaguing India’s corporate elite is a complex issue with no easy solutions. But by confronting the challenges head-on, leveraging their vast experience, and cultivating a culture of openness and support, these trailblazing leaders can emerge stronger and more resilient than ever before. After all, true leadership isn’t about perfection – it’s about having the courage to navigate the unknown and inspire others to do the same.
