From the Editor’s desk, comes to you seven rocking ways in which global CEOs have destroyed their companies...
7 effective habits of highly lousy CEOs! In other words (and with due apologies to Stephen Covey), ‘How To Be A Lousy CEO; and Get Paid For It Too’! It’s a question that has hounded management experts for the longest of time. How do you avoid ending up being a lousy CEO and how do you avoid destroying your company? Relax, help is at hand; just know what the worst CEOs do, and don’t do that! Simple, isn’t it? So speed on and read on...
Lousy CEO Habit #1: Hanging on to pop’s business
Research from Harvard (Belen Villalonga, 2004) to Wharton (Raphael Amit, 2004) has proved that owner-family CEOs ‘always end up destroying a company’s value. Amusingly, research from Hiller (Leeds) and McColgan (Aberdeen) documents positive stock price increases to the “announcement of the sudden death of a company’s founder executive!” So if you’re hanging on dearly to your Dad’s company’s reins, you’re my
Lousy CEO #1.
Lousy CEO Habit #2: Believing age, and not youth, is the most important HR asset Dun & Bradstreet, Ropert Starch, Spencer Stuart (Route To The Top; CEO Survey 2006), et al have shown that not only is the average age of a CEO falling, but the most successful CEOs are those who believe in the power of employing young and brilliantly talented individuals (and paying them the sky) than blindly opting for old experienced people.
Lousy CEO Habit #3: Changing jobs & companies regularly
Lousy CEOs change jobs. Excellent ones don’t! A mind numbing 81% CEOs of the top 100 US firms have never worked anywhere else (or maximum, changed just one job in their life). Forbes quotes how a monumental 75% CEOs of leading non-US firms have spent 35 years or more with the same company they lead.
7 effective habits of highly lousy CEOs! In other words (and with due apologies to Stephen Covey), ‘How To Be A Lousy CEO; and Get Paid For It Too’! It’s a question that has hounded management experts for the longest of time. How do you avoid ending up being a lousy CEO and how do you avoid destroying your company? Relax, help is at hand; just know what the worst CEOs do, and don’t do that! Simple, isn’t it? So speed on and read on...
Lousy CEO Habit #1: Hanging on to pop’s business
Research from Harvard (Belen Villalonga, 2004) to Wharton (Raphael Amit, 2004) has proved that owner-family CEOs ‘always end up destroying a company’s value. Amusingly, research from Hiller (Leeds) and McColgan (Aberdeen) documents positive stock price increases to the “announcement of the sudden death of a company’s founder executive!” So if you’re hanging on dearly to your Dad’s company’s reins, you’re my
Lousy CEO #1.
Lousy CEO Habit #2: Believing age, and not youth, is the most important HR asset Dun & Bradstreet, Ropert Starch, Spencer Stuart (Route To The Top; CEO Survey 2006), et al have shown that not only is the average age of a CEO falling, but the most successful CEOs are those who believe in the power of employing young and brilliantly talented individuals (and paying them the sky) than blindly opting for old experienced people.
Lousy CEO Habit #3: Changing jobs & companies regularly
Lousy CEOs change jobs. Excellent ones don’t! A mind numbing 81% CEOs of the top 100 US firms have never worked anywhere else (or maximum, changed just one job in their life). Forbes quotes how a monumental 75% CEOs of leading non-US firms have spent 35 years or more with the same company they lead.
Read more.......
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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