A brand new research made public final month means that left-handed CEOs, together with tech giants like Steve Jobs, Invoice Gates, and Mark Zuckerberg, could possess an edge in driving innovation and outperforming their rivals.
What Occurred: Analysis by accounting professors Lengthy Chen and June Woo Park on the Costello School of Enterprise analyzed “7 % of S&P 500 agency CEOs.”
They discovered that corporations led by left-handed CEOs confirmed considerably increased innovation output, together with extra patents and citations.
“Left-handed CEOs are prone to rent extra overseas staff, who are inclined to generate extra innovation outputs than home staff,” the research learn.
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The research, which additionally checked out how these CEOs approached expertise acquisition, discovered that left-handed leaders have been extra prone to recruit from a world pool of tech expertise.
“Utilizing patent and quotation information from the Bureau van Dijk’s Orbis patent database for the interval 1992–2015, we discover that companies managed by left-handed CEOs are inclined to exhibit larger success in innovation,” the research said.
One key discovering was that patents below left-handed management weren’t simply extra quite a few—they have been additionally extra authentic, typically representing breakthroughs somewhat than tweaks to current applied sciences.
The analysis additional instructed that companies led by left-handed CEOs loved higher monetary efficiency, with increased return on property and stronger inventory returns.
Why It’s Vital: Jobs, Gates, and Zuckerberg belong to the roughly 10% of the inhabitants that’s left-handed.
Apple co-founder Jobs handed away from most cancers on Oct. 5 on the age of 56. Jobs was ousted from Apple in 1985. He made his return to Apple in 1996 and remained within the place till 2011, when he resigned.
Gates, who’s the co-founder of Microsoft, at present has a internet value of $168 billion, based on the Bloomberg Billionaire Index. He stepped down as Microsoft CEO in 2000.
Zuckerberg, who’s at present heading Meta Platforms, Inc., the mother or father firm of Fb, is the third richest particular person on the earth right this moment. He has a internet value of $211 billion.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
Picture Courtesy: Alexandros Michailidis On Shutterstock.com
