Successful CEOs focus on the next performance S-curve, which involves periods of slow progress followed by rapid growth. Interviewing 83 CEOs revealed that the best leaders understand the need for continuous change, embracing organizational transformation while empowering their employees. Notably, they apply the ‘lottery ticket effect’ concept by involving teams in decision-making, which increases commitment to new strategies.
Examples include Brian Moynihan of Bank of America, who shifted company focus from external expectations to internal empowerment, and former CEO Roberto Setúbal of Itaú Unibanco, who led the company through four distinct S-curves. Leadership flexibility is key, as demonstrated by CEOs like Ramon Laguarta of PepsiCo, who transformed organizational structure while fostering new talent and by Hubert Joly of Best Buy, who shifted from decision-making to empowering his team, ensuring sustained success throughout their tenures.
👉 Pročitaj original: MIT Sloan Management Review
