Much like sports teams cycling through head coaches, companies often seem to constantly be changing CEOs.
The reason for this revolving door? Lack of strategic capacity. Often times people move up the corporate ladder based on achieving business metrics – such as sales or profitability – yet many lack the ability to think strategically and make good judgments when it comes to solving complex problems.
Organizations can address this by placing greater emphasis on measuring an individual’s capacity to think strategically and the person’s ability to not only create a vision for an organization, but to communicate that vision throughout the organization.
– Marty Petty, The MPETTY Group