It's Official: CEOs Really Are Clueless

from the just-as-you-always-suspected dept

This probably won’t surprise too many people, but a new study shows that, despite an outward appearance of confidence, CEOs often have no idea what they’re doing — and, at the same time, often don’t really have that much of an impact on how a company performs. Obviously, they do have an impact on the big decisions, but there are so many other moving parts that a CEO often can’t impact most of the factors that determine how successful a company is. Of course, at the same time, they can put in place the environment and infrastructure to support everyone to make success easier. No one ever said that the CEO should be the sole responsible person for success or failure — but his or her goal should be to keep the whole company moving in the same direction and to provide the resources and environment necessary for the company to succeed.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “It's Official: CEOs Really Are Clueless”

Subscribe: RSS Leave a comment
1 Comment
Precision Blogger (user link) says:

What the CEO should do:

Peter Drucker, discussing Alfred Sloan (the CEO of GM whose strategy for GM worked for many, many years), says that the CEO should have exactly one responsibility: long term strategic planning. That’s a fulltime job, and that’s it.

A small company usually has to ask more of its CEO, but the point is that deciding what a company should be doing in five years requires a lot of thinking, education, info gathering and finally deciding. And if anyone down the ladder makes these longterm decisions, the CEO may not follow them.

Most American companies seemm to have a different idea: there’s hardly ANY long term planning.
– The Precision Blogger

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...