CEO evaluation is mission-critical

Posted by on May 16, 2012 in Executive Evaluation, Uncategorized | 0 comments

Boards of directors often agree to spend tremendous resources to find the perfect CEO — and then fail to evaluate their chief executive’s performance. The neglect can be costly. Think strained working relationships, continually poor job performance and executive turnover. In the last decade, the average term of a CEO has shortened from almost 10 years to a little more than seven years, and about one-third of those exits are because of dismissal, according to a report about CEO...

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Succession planning pays off

Posted by on May 1, 2012 in Trends, Uncategorized | 0 comments

Though he says he isn’t going anywhere anytime soon, Steve Roell, Chief Executive Officer of Johnson Controls, Inc., recently told the Milwaukee Journal Sentinel he spends a considerable amount of time on succession planning. From the story: “…He calls it employee development — evaluating the top 100 or so executives in the company on a matrix of nearly three dozen personal attributes and strengths that are needed to be a global leader for the multinational...

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Onboarding slashes executive failure rate

Posted by on Apr 30, 2012 in OnBoarding, Uncategorized | 0 comments

It’s not unusual for top companies to spend hundreds of thousands of dollars to recruit a new Chief Executive Officer who lasts less than two years. Roughly 40 percent of new executive hires fail within the first 18 months, according to Forbes. In that period, a $500K-a-year executive who can’t cut the mustard can cost his or her company $5 million in soft and hard costs, industry experts say. We like how Ray Williams summed up in Psychology Today  the pressure cooker new...

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Recruit execs who understand business intel

Posted by on Apr 18, 2012 in Trends, Uncategorized | 0 comments

Demand for business intelligence across industries and around the world is growing fast — and workers who are uniquely skilled to gather, analyze and report such mission-critical information are poised to lead their markets. Global sales of business intelligence (BI) tools generated $10.5 billion in revenue in 2010 — up 13.4 percent over the previous year, according to market research firm Gartner. Industry experts agree that smart BI tools are only one part of an important equation. For...

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