CEO Rotation
– Promotes agility, diversity and greater bonding between leaders
People have a reservoir of talent worth discovering. They just have to be given the opportunity to discover it in themselves.
In a Nutshell
Many of the successful companies today have been around for decades or, sometimes, even centuries. That’s a long period of time during which they inevitably faced multiple challenges, the need to innovate and to stay nimble in a volatile market. But, if you take a look at the number of people who spearheaded these large companies, it’s usually just a handful of men who wielded enormous levels of power over the entire organization. They were demigods, who were believed to be capable of single-handedly leading the company through any crisis.
However, that much of power concentrated within the hands of a single person, for years together, isn’t such a great idea. These powerful men often lose touch with the ground realities because they’re too removed from those who do the actual work. Also, their egos become super inflated, leaving no room for dissent. In short, they become superheroes who care for nobody’s opinions but their own.
It might be an old cliche that too many cooks spoil the broth. But, in reality, companies that want to be agile and nimble should make decisions after considering diverse points of view brought to the table by people from various backgrounds. A single person calling the shots will no longer work in the changing world of business.