The three most important traits of a turnaround "CEO Rock-Star"
Hint: it is the ability to put into practice what they know are required but are really hard to do.
In my career as a Chief Human Resources Officer and owner of a human capital consultancy specializing in M&A management, I’ve worked with many CEOs who were accomplished, motivated and super smart.
However, CEOs who were rock stars in a wide variety of settings can fail in the unique challenge of a turnaround. Selecting the right CEO will impact careers and profits, with the potential for market positions to soar. When a CEO fails, quite the opposite occurs. The stakes are high!
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As investors, board members, and human capital executives here are 3 vital traits to look for in the ideal CEO in a turnaround initiative:
Accelerating technology is not only growing transparency throughout our companies, it is creating an expectation of open, authentic and honest cultures that provide clarity of strategic direction and expectations.
The CEO must paint a clear picture of what…