Since the mid-1900s, the degree to which a CEO is a key predicator of a company’s success has more than doubled. But over that same period, the job has become exponentially more difficult. Today’s CEOs must effectively manage new problems like technological change, a volatile workforce, and cybersecurity threats.
On top of those challenges, more than half of the elements that influence a company’s financial performance are outside the control of a sitting CEO. Inherited debt levels, GDP growth, and industry trends are all realities that must be accepted, not changed.
The good news: that still leaves the CEO in charge of about 45 percent of the factors that affect a company’s bottom line. These are the duties and skills you need to know, whether you already lead a company or you hope to do so in the future.
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