Joel Trammell is the CEO of Khorus, which provides a business management system for CEOs and other leaders. He is the author of The CEO Tightrope and blogs at TheAmericanCEO.com. He can be found on Twitter at @TheAmericanCEO.
Even though many CEOs are currently forced to take an impromptu approach to their job, it doesn’t have to be this way. Yes, the CEO role has proven difficult to professionalize, but there are factors that encourage those of us working toward this goal.
CEOs have less time than ever today to prove themselves. The average CEO tenure in the U.S. is about five years (according to Challenger, Gray & Christmas), and the Center for Creative Leadership says that 40% of CEOs are fired within their first 18 months on the job.
A survey of 300+ CEOs conducted in early May shows declining confidence in business conditions, even as economy reopens in many parts of the country and around the world. But there could be a silver lining.