Studies show that top management changes account for only about 10% of added profitability.
Often it's other circumstances that result in a company’s doing better or worse. The economy, business or general industrial conditions may have much to do with any company’s near-term fortune.
There are business cycles. Moreover, the bigger the company, the harder it is for a CEO to turn operations around on his or her own, The CEO is certainly important, but never to the extent the public, or the media, may believe.(See the Earl J Weinreb NewsHole® comments and @BusinessNewshole tweets.)
No comments:
Post a Comment