Creating strong foundations
Even CEOs leading the most decentralized organizations hold themselves to a “buck stops here” mentality. After all, when the going gets tough — which it does, according to 89% of CEOs — leaders at both public and private companies take the heat. Those who expertly navigate precarious problems will stay secure. And those who don’t? Well, they might just join the ever-increasing ranks of former CEOs.
As one BTS report noted, the average CEO’s tenure dropped by 1.6 years between 2000 and 2011 — and that number is still rocky. Yet problems aren’t really the problem: True crisis events are rare and take up a mere 1% of a CEO’s time. It’s what CEOs do during the good times that make the difference.