Here is what I want to add to your thoughts:
CEOs are expected not only to lead the company but also provide strategies and vision statements. Industry stalwarts have identified five critical challenges that leaders of today’s corporate world need to meet.
# Restoring confidence
CEOs are currently functioning in an environment devoid of trust and tolerance. Therefore, they need to have a long-term perspective. Further, financial transparency should become an integral part of the corporate culture.
# Identifying and developing potential leaders
Though the job of a CEO might not look attractive in the current scenario, preparing the next generation to take up the job should definitely be the top priority.
# Moving towards a bright future
It is indeed difficult for leaders to manage a downturn and plan a strategy for growth. However, the burden can be lessened if the company has a strong and compassionate corporate culture.
# Changing for the good
Organisations need to concentrate more on identifying, appointing, and retaining board members who would make a difference.
# The sustainability factor
Corporations should get more realistic and develop a foresight. Promises should be realistic and deliver value not only to shareholders but also to all organisational quarters including employees, customers and stakeholders.
These strategies may not be the options for a CEO caught in the economic storm, nevertheless they definitely provide practical and implemental guidelines to face the storm.