The pressure on CEOs to deliver results has never been higher.
The forces of globalization, consolidation, private equity and shareholder scrutiny have driven CEO turnover to new records. So when a new CEO takes the reins, what are the critical elements for success?
A new analysis by Accenture's Strategy practice reveals that CEOs who drive transformational agendas early in their tenures are rewarded by the market and given more room to achieve results. These transformational agendas look much like the programs that private equity firms are putting in place to change the performance of their portfolio companies.
Through their transformational agendas, CEOs such as Jamie Dimon, Mark Hurd and Jean-Paul Votron have achieved higher returns than industry averages in a short time.