Don’t Wait for a Crisis

Don’t Wait for a Crisis

Kormac Insights

July 12, 2023

Don’t Wait for a Crisis
Fortune: CEOs are passing the torch

CEO turnover recently hit a 5-year high as organizations brace for continued disruption. In Kormac’s executive collaborations, we’ve certainly seen many leaders heading for the exits. We’ve also noticed a disturbing trend of executives reaching out to us far too late.

When leaders are struggling with operational challenges, some belatedly recognize the need for outside help. By the time they call us, an unfortunate few are on thin ice with their Boards. Soon after, we hear of their untimely departure before we’re able to engage and provide assistance. Therefore, we urge our network of friends and colleagues: don’t wait for a crisis to call us.

Outsider perspectives provide the most value early in problem analysis and resolution, not after all internal initiatives have tried and failed. Kormac has no minimum project size, which means we can provide laser-targeted support on new or persistent issues. Our manufacturing knowledge and experience enables us to field small, expert teams that do more with less. We’re here to help leaders avoid looming cliffs!

https://fortune.com/2023/04/27/ceo-turnover-high-pandemic/