The danger of CEO's not seeking his position

Qiong while it is possible for companies and boards to retain incompetent CEOs for all these reasons, this may not be the right thing to do. If the CEO is really bad, and from outside the company's market investors, to the internal board, staff and so on, think he is really bad, in this case, the longer the CEO on the job, the company will suffer the greater losses.　　From this perspective, Xu Yunjian that the immediate dismissal of the CEO may be more beneficial to the development of the enterprise. Cheng Zhiming that, if the enterprise continues to retain incompetent CEO, on the one hand, because the CEO of the Board of Directors of the implementation of weak decision-making, will affect the realization of strategic goals; On the other hand, the existence of incompetent CEO will also adversely affect the internal management of the enterprise, and the middle management and staff's enthusiasm　　So that those who have ambitions have lost faith in the business. "This will not only make the company's overall business strategy, operating profit will be affected, but also to the brand, reputation and other affected, and even affect the development of the enterprise speed, development opportunities."　　"Huppenling said. Compaq, for example, was one of the most successful PC makers in the 90 's, and was able to better focus on the PC and server markets, but its former CEO Pfeiffer (CEO of 1991 ~1998) plans to aggressively develop commercial and sales operations, and has acquired high-end server Enterprise tandem and medium-sized machine manufacturers Dec, so that Compaq deviated from the original core business. After 7 years as CEO, Pfeiffer was dismissed by the board.　　But it was too late for Compaq to recover in the fastest-growing PC market and was eventually bought by HP in 2002.　　The best state is to avoid all the worries and embarrassment of dismissing incompetent CEOs, and to find the right CEO at the right time to achieve a corporate strategy. For example, between the CEO's external hiring and internal promotion, many companies are now actually more inclined to promote themselves from within. "Because insiders are also familiar with the development of the enterprise itself, and if the situation is not appropriate, and better coordination between each other, and the strategy has relative consistency."　　Xu Yunjian said, and most enterprises generally have established internal training mechanism. He argues that, unless the enterprise is in a special period, or is in a major strategic direction adjustment period, or a transition, or crisis, in which case, the use of external CEOs may be more conducive to improving business conditions. In a relatively stable environment, most companies tend to promote themselves from within.