The biggest mistake CEOs make is waiting too long to make changes with their executive team. They’ll use all sorts of excuses like, “I need more time to see what this guy can really do.” Or, “She’s probably having a hard time to getting used to working for a new leader.” All the while, they know deep inside these people need to go.
Not making a decision is in itself making a decision. You run the risk of having these non-decisions come back to haunt you. You also gain the reputation of not being all that different than the CEO you just replaced. Your followers begin to lose respect and before long, you’re operating from a point of weakness, rather than strength.
No doubt many of you struggle with similar situations. My CEO clients, whom I advise, do so as well. The difference is they have a trusted advisor they can speak with, to help them quickly work through issues like these. If you’re interested in having one as well, reach out to me and we can start the conversation.
