How Four Rookie Ceos Handled The Great Recession

The article, How Four Rookie chief operating officers Handled the Great respite, by Douglas MacMillan appears in action 1st, 2010 issue of BusinessWeek, a periodical periodical. The article exhibits the leadership and entrepreneurship skills revealed by first-time chief executive officers at leading companies such(prenominal) as eBay, T. Rowe Price, morose Nile and Molson on the most treacherous vexation battlefield in decades. Rookie CEOs were faced with the biggest crisis of their c nuclear number 18ers. Employees, investors, and board members looked to them for guidance. The compose elaborates how these four CEOs stood up and prove the saying The real great leader shows up in hard times. In the initial part of the article, author dialogue almost John Donahoe, who became the CEO of eBay in March 2008, at a time when the U.S. economy was imploding and eBays chore copy was on a lower floor assault. Donahue picked a path that was far different from that of eBays in f ront CEO. Donahoe reorganized his workforce, companys web direct and overly acquired a consumer credit business during the credit crunch, which brought follow up eBays stock. But, Donahue remained confident that these changes were going to be unpopular well(p) directly for a short time. Donahue followed a strategy based on an approach of Servant Leadership in which he thinks of eBays customers first.

A chain of command is visualized through which the CEO can deliver what customers need. Customers opinions be shared with eBays staff. Managers compensations are tied to customer loyalty. With such customer oriente d business model, Donahues strategy has work! ed and eBay is now earning steady profits. The mid-section of the article discusses or so James Kennedy, a CEO of sixth-largest mutual fund motorcoach firm in the U.S, T. Rowe Price. Kennedy was promoted to the top post in January 2007. Fixed-income analysts were mediocre starting to spot the dangers of mortgage-backed securities in mid-2007. Kennedy, with his management vision, was alarmed by the ugly possibilities. He, then, ratcheted back...If you want to get a full essay, secernate it on our website: BestEssayCheap.com

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