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Coaching CEOs on Firing People
CEOs often struggle with firing people, hoping they can coach employees to turn things around. Instead, they should set clear KPIs, have a follow-up discussion in six weeks, and if there's no improvement, it's time to talk about moving on. This approach not only accelerates the decision-making process but also helps the employee realize that it's the right decision for both parties, setting clear criteria for potential termination and creating focus on creating the necessary change.