What are some strategies for CEOs to effectively communicate and engage with their stakeholders?

CEOs can adapt boldly to new challenges and scenarios by embracing the four behaviors associated with success as a CEO, as suggested in the book 'The CEO Next Door'. These behaviors include making decisions with speed and conviction, engaging with others in a way that drives results, demonstrating relentless reliability, and being open to change. They should also encourage open communication and spend time in the field to understand issues firsthand.

Some effective strategies for CEOs to engage with stakeholders and encourage open communication include repeating the message frequently in various ways, encouraging people to share critical information, and meeting key stakeholders on their own turf. For instance, former Starbucks CEO Jim Donald spent up to half of his time in the field, which allowed him to hear about issues before his executives did.