There is no common reason why a CEO fails and doesn’t work out for a company.
The issue comes down to matching the CEO and a specific job at a particular time.
An excellent CEO today may not be a great CEO tomorrow because the circumstances change.
It is very important to hone in and figure out precisely what type of CEO you need.
What is important is what they bring to the table and how they can grow the company’s future and bring in more success.
The best way for a board to select the right CEO and avoid problems is by understanding and articulating the deeper issues the company is facing at that exact time.
You now have your first steps to help narrow down possible CEO candidates.
External assessment is also necessary for a proper evaluation of the possible CEO candidate.