Why hiring outside CEOs rarely works

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If you're looking outside for a CEO to lead your company, peep this: Hiring a CEO is welcoming a stepfather to lead your household. The stepfather has grandiose ambitions to lead your life, but because of ingrained cultural differences, it usually never works out. It's extremely difficult to assimilate two cultures, two backgrounds, two differing value systems, etc., etc., etc. The better person to put in charge is almost always someone from inside the company, because s/he understands the company's culture, direction, and specific ideas to improve the company. You'll thank us. We promise.

What if I'm a small company?

If you're small, recruit someone who has worked with your company in a significant capacity.

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Posted on May 28

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