With a new boss in charge there are likely to be changes made. New CEO’s wished they had cleaned house earlier than they did, explains Dr David Astorino, Global Practice Leader for Senior Team Effectiveness. Astorino said:
They almost always say, ‘I knew in my gut that was not going to work with that individual, and I wish I had trusted that gut feeling and made that decision faster.
The holding back of staff is normally attributed to the fact that the CEO has come from an outside company or is a first time CEO. They feel because they are new they do know the staff well enough to make specific cuts. This is not the case with old CEO’s, they would rather have somebody they can trust in the position.
Research shows that a new outside CEO is likely to start making changes to 63% of their senior team. While a CEO that comes from within the company will only make changes to 55% of their senior staff.
This is however not to say that cleaning house is always the answer.
[Source: Business Insider]
[imagesource: Sararat Rangsiwuthaporn] A woman in Thailand, dubbed 'Am Cyanide' by Thai...
[imagesource:renemagritte.org] A René Magritte painting portraying an eerily lighted s...
[imagesource: Alison Botha] Gqeberha rape survivor Alison Botha, a beacon of resilience...
[imagesource:mcqp/facebook] Clutch your pearls for South Africa’s favourite LGBTQIA+ ce...
[imagesource:capetown.gov] The City of Cape Town’s Mayoral Committee has approved the...