Successful CEO Transitions
There are many difficult challenges facing new CEOs. They must quickly learn a new organization - sometimes a new industry -identify the critical issues, create a blueprint for future direction and establish momentum, all while running the day-to-day affairs of the business. CEOs who previously headed another company often fail because they underestimate the significance of differences among companies and industries. While there is some consistency in the role of CEO across companies, critical issues for success are vastly different from organization to organization.
CEOs who pay attention to these vital differences will have a greater chance at success and provide their new company with a renewed sense of purpose, an effective strategy for growth and increased satisfaction for its employees and customers.