"Knowing Your Executive Talent"
Sandra Davis and David Nosal, CEO and Chairman of our executive leadership solutions partner firm Nosal Partners, explain how executive talent assessment, although frequently overlooked in M&A due diligence, plays a critical role in acquisition success.
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Cultural Fit Vital to CEO Selection
Approximately 40% of new CEOs are fired or leave within their first 18 months on the job. And a shocking 64% of CEOs – nearly two out of three – don’t even make it to their fourth year in office (unlike our nation’s CEO). The answer is that many CEOs simply did not fit within the culture they were asked to lead. Thus, they were asked to leave.
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Admitting Errors Strengthens Leaders
Given the significant challenges that business leaders currently face, it may seem to make sense to minimize mistakes or seek to avoid them altogether. However, this is the antithesis of courageous leadership, which instead requires leaders to possess the self-confidence and integrity to admit to (and not avoid) mistakes.
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The Power of Hope in the Workplace
When companies are confronted with challenging economic circumstances, leaders often need to help their employees re-interpret (or interpret) these challenges to put them into a better and more hopeful context. Hope is not a plan, yet expectations can be powerful predictors of eventual outcomes, and hope is often a powerful active ingredient in the future success of an organization or individual.
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Communication - The New Currency
Leaders spend 70 - 90% of their daily time in conversation. Are they using this time as effectively as they could? In an online editorial published by HR Management, Sandra Davis and Scott Nelson discuss how conversation is the new currency of effective leadership.
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Open the Loop
Keeping secrets about succession can mean the departure of valuable employees, as explained by Margaret Kaeter in an article from Twin Cities Business Monthly.
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