Abstract
Executive Overview Many argue that the surest route to business turnaround involves CEO replacement, yet little guidance is available for deciding exactly when CEOs should be replaced and who should succeed them. This article offers suggestions for decision makers (i.e., board members and corporate executives) who must deal with a business's continuing poor performance by determining whether the current CEO or a replacement should lead a turnaround effort. First. CEO change should be cost-justified. Next, decision makers must determine whether the business is having difficulty adapting to the niche, market, or economy level of its surrounding environment. Finally, a new CEO possessing appropriate predispositions and skills should be selected, with (a) type of adaptation difficulty and (b) severity of problems guiding this selection decision.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
