Case summary:
Person LS was handled the position of Chief Executive Officer for the Company A which is a semiconductor manufacturing company. Person LS was very ambitious of becoming a CEO. Company A was stumbling very badly at that time but the new CEO has much belief on the basic strengths of the company and on also her own vision. In order to overcome this bad situation Person LS has delivered a three-pronged strategy.
Characters in the case:
Person LS
Company A
To discuss: The reason for the executives and managers fails to react when their company starts to stumble.
Explanation of Solution
Person X finds the following reason that makes the executives and managers fail to react when their company is stumbling:
- If the role of the manager or executive is poorly defined or not understanding the skills that are essential for the position. In other words it can be stated as misaligned expectations.
- If the manager or executives failing to adapt their new role.
- Not understanding the power of relationship among the peers and leaders.
- Lack of self-awareness among the managers and executives.
- Overlooking the politics in organization.
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