BACKGROUND The hired gun CEO for a turnaround has found the situation far worse than as presented by the owners: a factory with old gear and too many legacy systems which were kluges, no documentation, a poor work ethic, a climate of fear suppressing transparency, a business model increasingly out of date with growing customers, […]
Friday, January 20, 2017
Comments Off on CEO’S RISKY HIRES
BACKGROUND Finding the right candidate for the C-suite is a risky business. People who look good on paper and show well can mask factors that ultimately lead to failure. What do the most successful CEOs-as-recruiters do? KEY FACTORS Our Vistage CEO Peer Advisory Board in New York City has adopted these approaches, among others: Make […]
Tuesday, December 6, 2016
Comments Off on Key to Leadership Failure
SUMMARY One person can make a difference in the well-being of a company if they “get it” when others don’t. If you fail to hire such people, if you do not include them in the discussion during a crisis, you are more likely to see a problem worsen or repeat. What makes them different? They […]
Saturday, December 3, 2016
Comments Off on Blinding Glimpse of the Obvious (Mouths of Babes Division)
BACKGROUND A large non-U.S. investment house has brought to life a new internal entity that deals with higher risk and higher reward than anything the firm has experienced. Further, it is imagined as an imminent global powerhouse in New York, Europe and Asia. Questions: Why might this laudable internal intrapreneurial effort work? Because they have […]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Monday, February 20, 2017
Comments Off on CEO Blues: “It’s my fault”