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, might 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 Faculty of Enterprise analyzed “7 % of S&P 500 agency CEOs.”
They discovered that corporations led by left-handed CEOs confirmed considerably greater innovation output, together with extra patents and citations.
“Left-handed CEOs are more likely to rent extra overseas workers, who are inclined to generate extra innovation outputs than home workers,” 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 more likely to recruit from a world pool of tech expertise.
“Utilizing patent and quotation knowledge from the Bureau van Dijk’s Orbis patent database for the interval 1992–2015, we discover that corporations managed by left-handed CEOs are inclined to exhibit larger success in innovation,” the research acknowledged.
One key discovering was that patents beneath left-handed management weren’t simply extra quite a few—they have been additionally extra unique, typically representing breakthroughs relatively than tweaks to present applied sciences.
The analysis additional recommended that corporations led by left-handed CEOs loved higher monetary efficiency, with greater return on belongings and stronger inventory returns.
Why It’s Essential: 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, in response to 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 individual on the earth at the 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.
Photograph Courtesy: Alexandros Michailidis On Shutterstock.com
