It really is lonely at the top. While clichéd, the axiom has only become truer since the pandemic’s onset as colleagues and C-suite peers retreated to their homes and became more geographically dispersed.
It’s hard for executives to find trusted confidants when facing challenges or looking to build relationships and brainstorm with like-minded people. But executive peer groups offer a solution. These organizations provide leaders with access to small, confidential peer networks that can play a crucial role in an executive’s professional success.
Such groups are particularly useful for executives who need to radically change their leadership approach, says Dennis Baltzley, senior partner and global head of leadership development solutions at management consulting company Korn Ferry. “There is no presentation that’s suddenly going to change how you think. You [have] to get with people who challenge you and give you different perspectives.”