For CEOs, experience isn’t everything. In fact, research shows that rookie CEOs often outperform seasoned veterans.
Research from Spencer Stuart, an executive search and leadership consulting company, finds that there’s “no premium for prior CEO experience.” Their research, which examined 855 S&P 500 CEOs over the past two decades, found that rookie CEOs last three years longer than seasoned CEOs and experience less volatility in their performance.
As CEO, it’s not only your job to run the business, but you also need to inspire positivity and focus in your employees. So how do you do this? It might not always be easy, but it is actually pretty clear: Build and sustain relationships.