Stepping into a leadership role after a period of poor business decisions can present several challenges. Firstly, there may be a lack of trust or confidence from the board, employees, and stakeholders due to the previous poor decisions. Secondly, the new leader may have to deal with the consequences of those decisions, which could include financial difficulties, damaged relationships, or a tarnished brand reputation. Thirdly, the new leader may face resistance to change, as people may be wary of new strategies or directions after experiencing failure. Lastly, the new leader will need to demonstrate their competence and integrity to rebuild trust and confidence.
Chairman and CEO of the Walt Disney Company, Robert Iger, tells his story and lays out the principle...
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