{"id":412,"date":"2006-11-01T17:54:08","date_gmt":"2006-11-01T23:54:08","guid":{"rendered":"http:\/\/selectmetrix.com\/blogs\/?p=412"},"modified":"2006-11-02T08:14:58","modified_gmt":"2006-11-02T14:14:58","slug":"the-cure-for-ceo-turnover","status":"publish","type":"post","link":"http:\/\/selectmetrix.com\/blogs\/2006\/11\/the-cure-for-ceo-turnover\/","title":{"rendered":"The Cure for CEO Turnover"},"content":{"rendered":"<p>Honestly, I just came across this article &#8211; <a href=\"http:\/\/www.foxnews.com\/story\/0,2933,226701,00.html\" target=\"_blank\">Women CEOs Experience Longer Tenures, Faster Growth<\/a> &#8211; as a follow up to my <a href=\"http:\/\/selectmetrix.com\/blogs\/?p=410\" target=\"_blank\">previous post<\/a>. This study is from a limited sample of Massachusetts-based companies with an average size of $54M\/year revenue and 120 employees. Not huge, but sizeable companies nonetheless.<\/p>\n<p>This piece of information from the short article caught my attention:<\/p>\n<blockquote><p>When asked about their priorities for driving that growth, <strong>80 percent<\/strong> of women CEOs surveyed identified expanding customer relationships ahead of aggressively pursuing new products, new geographic markets, or strategic alliances, the study found.<\/p>\n<p>Another <strong>77 percent<\/strong> said they sought input into the decision-making process through a participatory leadership style.<\/p>\n<p>Nearly <strong>98 percent<\/strong> gave to local charities and nonprofit organizations in their community, while about a third took part in philanthropic events at least once a month, the study found.<\/p><\/blockquote>\n<p>Interesting, isn&#8217;t it? Notice the women CEO tend to focus on people-oriented topics. This approach paid obvious dividends:<\/p>\n<blockquote><p>More than half had achieved an annual growth rate of 5 percent or more since 2004 <em>nearly double the state and national average<\/em>&#8230;<\/p><\/blockquote>\n<p>Now let&#8217;s go back to <a href=\"http:\/\/www.businessweek.com\/magazine\/content\/06_44\/b4007086.htm?campaign_id=rss_null\" target=\"_blank\">the article<\/a> in my previous post. The gist of this article was the short amount of time CEO&#8217;s now have to affect profitable results in their new company. The &#8220;100 day window&#8221; has led CEO&#8217;s to a short-sighted approach:<\/p>\n<blockquote><p>&#8220;You now see a lot of CEOs who are not internally focused,&#8221; says Khurana. &#8220;For them, the people in a company, what the company produces, the services it provides are abstractions.&#8221;<\/p><\/blockquote>\n<p>Jim Collin&#8217;s research from this article stated that internal CEO&#8217;s outperformed externally hired CEOs because the internal CEO&#8217;s:<\/p>\n<blockquote><p>&#8220;<strong>knew which people on staff were good and where best to deploy them.<\/strong>&#8220;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Honestly, I just came across this article &#8211; Women CEOs Experience Longer Tenures, Faster Growth &#8211; as a follow up to my previous post. This study is from a limited sample of Massachusetts-based companies with an average size of $54M\/year revenue and 120 employees. Not huge, but sizeable companies nonetheless. This piece of information from the short article caught my attention: When asked about their priorities for driving that growth, 80 percent of women CEOs surveyed identified expanding customer relationships ahead of aggressively pursuing new products, new geographic markets, or strategic alliances, the study found. Another 77 percent said they sought input into the decision-making process through a participatory leadership&hellip; <a class=\"read-more\" href=\"http:\/\/selectmetrix.com\/blogs\/2006\/11\/the-cure-for-ceo-turnover\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"","bgseo_robots_follow":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[5,22],"tags":[],"class_list":["post-412","post","type-post","status-publish","format-standard","hentry","category-trends","category-turnover"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-6E","jetpack-related-posts":[{"id":1452,"url":"http:\/\/selectmetrix.com\/blogs\/2008\/03\/ceos-are-not-overpaid\/","url_meta":{"origin":412,"position":0},"title":"CEO&#8217;s Are Not Overpaid","author":"Derrick Moe","date":"March 4, 2008","format":false,"excerpt":"How is that for a title?\u00a0 Before I get flamed on this topic, let me pull some excerpts from a Human Resource Executive Online article (emphasis mine): A recent study conducted by DolmatConnell & Partners debunks the myth of runaway executive pay. The findings of the study tell a much\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":262,"url":"http:\/\/selectmetrix.com\/blogs\/2006\/08\/job-hopping-amongst-executives\/","url_meta":{"origin":412,"position":1},"title":"Job Hopping Amongst Executives","author":"Derrick Moe","date":"August 29, 2006","format":false,"excerpt":"Job hopping gets much attention from companies when they are in hiring mode and rightly so. This business article provides some interesting statistics in regards to upper-level management trends. Did you know: A total of 17,612 managers from chief executive officers to vice presidents changed jobs from January through July,\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":631,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/02\/the-underpaid-ceo\/","url_meta":{"origin":412,"position":2},"title":"The Underpaid CEO","author":"Derrick Moe","date":"February 3, 2007","format":false,"excerpt":"I am all for people making as much as they can in their careers which is why I do not understand the emotional attachment to CEO pay. If those CEOs can make that kind of money, more power to them. It doesn't bother me that Bob Nardelli made big money\u2026","rel":"","context":"In &quot;Compensation&quot;","block_context":{"text":"Compensation","link":"http:\/\/selectmetrix.com\/blogs\/category\/compensation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2191,"url":"http:\/\/selectmetrix.com\/blogs\/2009\/12\/a-real-economic-prediction\/","url_meta":{"origin":412,"position":3},"title":"A Real-World Economic Prediction","author":"Derrick Moe","date":"December 8, 2009","format":false,"excerpt":"This story from abcnews.com carries some weight in terms of a real economic forecast.\u00a0 It isn\u2019t good: More of America's largest companies will shrink their staffs than will hire in the next six months, according to the latest survey of their CEOs. Nineteen percent of the CEOs expect to expand\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"http:\/\/selectmetrix.com\/blogs\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2643,"url":"http:\/\/selectmetrix.com\/blogs\/2015\/10\/one-third-of-ceos-are-worthless-in-sales\/","url_meta":{"origin":412,"position":4},"title":"One Third Of CEO&rsquo;s Are Worthless In Sales","author":"Derrick Moe","date":"October 28, 2015","format":false,"excerpt":"Those aren\u2019t my words but rather the findings from a Selling Power survey.\u00a0 From the article: A recent Selling Power online survey found that 29 percent of sales leaders judged their CEO useless when it comes to creating a sale. Almost one third and I think I have worked for\u2026","rel":"","context":"In &quot;Communication&quot;","block_context":{"text":"Communication","link":"http:\/\/selectmetrix.com\/blogs\/category\/communication\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":749,"url":"http:\/\/selectmetrix.com\/blogs\/2007\/03\/researching-a-candidate-online\/","url_meta":{"origin":412,"position":5},"title":"Researching A Candidate Online","author":"Derrick Moe","date":"March 14, 2007","format":false,"excerpt":"CNNMoney.com offers a fairly innocuous story: Survey: CEOs bullish on better economy. That is always good news and I am bullish along with them. Small and mid-sized companies are optimistic about the U.S. economy's prospects in 2007 on the back of brisk first-quarter sales and increased revenue, according to a\u2026","rel":"","context":"In &quot;Hiring&quot;","block_context":{"text":"Hiring","link":"http:\/\/selectmetrix.com\/blogs\/category\/hiring\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=412"}],"version-history":[{"count":0,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/412\/revisions"}],"wp:attachment":[{"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=412"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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