Business Skills

Corporate Leader

 

6 Attributes of Successful Long-term CEOs

Differences between successful, long-term CEOs and those who are replaced after 6 years or less on the job

 

Adapted from Executive Churn by Roger Conway, Michael Campbell and Corey Criswell

PowerPoints download for Teachers, Trainers, Consultants

 

 

Creating, Communicating and Executing a Clear Vision, Strategy and Stretch Goals. An executive's success is affected by the ability to communicate a vision for a company's future, helping employees to navigate through change and motivating them to achieve specific goals.

Delivering Results. Today's businesses especially those publicly held -emphasize the bottom-line more than ever. Tolerance levels for poor performance are dropping. There is little margin for error. That makes the ability to produce results a very important factor impacting tenure.

Results-based Leadership

Acting with Integrity. Those who operate with integrity consistently adhere to a code of conduct and have an underlying value system that is manifested through their behavior.

Maintaining Key Relationships. To have a long-term view you need to have strong political ties, good shareholder relations and the skills and knowledge to allow people to understand and buy into the long-term view. A successful relationship with the board of directors is of particular importance.

Exhibiting Appropriate Leadership Style and People Skills. A poor leadership style and people skills ultimately have a negative impact on an executive's tenure at their own firm. Some executives can clearly get the job done quickly, but the 'dead bodies' left in their wake can take years for the organization to recover.

 

 

The Cultural Fit. A candidate for a top job might look great on paper, but must be culturally compatible in order to build relationships and add true value. Often, hiring managers or boards emphasize the need to challenge old thinking and move in new directions. But if an executive is too far out of step with an organization, the resulting culture clash can overwhelm the benefits. 

  

The Problem

Talented managers often make it to the top, but some don't stay for long. In recent years, turnover at the executive and CEO levels has soared.

Insight

This research project helps you to gain insights into the shrinking tenure of executives and the skills needed to succeed over the long haul in a senior-level position. CEOs, operating officers, presidents, vice presidents, directors and board-level professionals were surveyed to identify key factors that impact executive churn. Leaders at all levels can learn from the mistakes and missteps of short-term CEOs.

 

 

Think Like a Long-term CEO