8 Ways Rookie CEOs Can Turn Failure Into Success

About 76 percent of top CEOs departing for any reason last year were rookies, up from 58 percent in 2011.

According to an article in The Wall Street Journal citing research from Strategy& (formerly Booz & Co.), about 76 percent of top CEOs departing for any reason last year were rookies, up from 58 percent in 2011.

Why do so many rookie CEOs fail? I believe the biggest reason is that the CEO role is 180 degrees different than any other executive role. A CFO or vice president of sales, for example, has deep expertise in his or her functional area and is used to being the master of his or her domain. A rookie CEO is confronted with an array of issues in areas in which he or she has no expertise.

What then are the keys to being successful as a rookie CEO? Here are eight ways these newbies can set themselves up for success from Day 1.

Read more: Entrepreneur


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