You know a business problem is serious when it becomes oversimplified in an article, addressed with "three simple tests" and distributed in nearly every Sunday paper nationwide.
USA Weekend just ran a story telling readers how to "shield investments against corporate scandals." It focuses on "three simple tests to tell a good CEO from a bad one."
The goal of the piece makes sense—know what you're investing in and why.
But it bothers me that how a CEO parks his or her car is used to illustrate one approach to picking a company's stock. I can see the headlines now: "Left-handed CEOs deliver poor stock performance." It will be interesting to see if similar approaches present themselves and even more interesting to watch companies respond.
Positioning of a company, it products, services and people has always been important. More than ever, it must be thorough, consistent and part of the culture.
As it relates to this topic, Phil, Tom and I have kicked around the topic of thought leadership and CEO as rock star. Some think both approaches are dead. I think the latter is, but thought leadership is more important than ever before. Perhaps we should revisit this topic in light of the above.
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