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CEOs' Response to Change: The Difference Between Good and Mediocre CEOs
CEOs play a crucial role in the success of businesses. The timing of their decisions greatly affects the outcome. Bear and bull markets as well as the industry you're in contribute to success or failure. CEOs are the third most correlated factor, but only about 40% correlated. Choosing a good CEO is key, and it's important to differentiate between a competent CEO and an exceptional one. An exceptional CEO predicts and handles change ahead of others, even if it means going against the status quo.