The Boston Consulting Group’s (@BCG) bcg.perspective (@BCGPerspectives) includes an article exploring the challenges faced by people newly named to the CEO position, but it also applies to anyone in a new leadership role.
A particular danger for new CEOs is basing their 100-day plan on a set of general “best practices” without taking sufficient account of the “contextual fact base” — the specifics of the new job, the culture of the company, today’s complex and dynamic business environment, and their own leadership style.
The article identifies 5 common misconceptions that may sound appealing to new leaders, but “they risk destabilizing any CEO launch.”
Myth 1: New CEOs should direct their attention outward
Myth 2: New CEOs should prove their mettle
Myth 3: New CEOs should establish a team
Myth 4: New CEOs should immediately set tough standards
Myth 5: A new CEO should be the smartest person in the room
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