Posted for Wednesday 5th September 2012 by Featured Contributor Chris Bartholomew.
A lot of CEOs are not successful, and some who do, do so only for a short time. Forty percent of CEO’s have tenure less than 2 years.
I have come to the conclusion that there are a number of different reasons that CEOs fail. Here are 12 of the most common ones:
1) The CEO is inconsistent and at some point the people may feel that the CEO is lacking in integrity.
2) The biggest challenge facing CEO’s is bridging the gap between strategies and results.
3) CEO’s did not engage their organization and their business strategy.
4) They do not see the bigger picture nor do they understand the market around them
5) Groups or divisions mis-interpret strategy and go off in different directions.
6) Employees are not allowed to free-think but are force fed ideas.
7) Lack of attention to their financials.
8) No passion for where the business is today or it’s potential for the future. They just run out of steam.
9) They take their eyes “off the ball” and are distracted from leading.
10) CEO’s often forget to stay connected with customers. Strategic accounts can feel slighted without high-level attention.
11) The CEO’s ideas do not have a “long shelf-life” and their ideas do not stand the test of time.
12) The CEO does not fit the culture of the company that often leads to the CEO trying to change a successful culture just to fulfill their own needs.
Thanks for reading. I hope you found the article interesting. I’d really welcome your feedback on this article.
To Greater Success,
Chris Bartholomew is the Founder and CEO of 4X Inc, a company dedicated to sustainable fast paced growth. He’s helped clients transform the way they do business and close deals they would have never thought possible. 4X clients have closed billions in new sales throughout the world. Chris is the winner you wish you had on your team. His mixture of business finesse, philosophies, experience, technical know-how along with just the right balance of fun are just some of the things that sets him apart.