How Four Rookie Ceos Handled The Great Recession

The article, How Four Rookie chief operating officers Handled the Great turning point, by Douglas MacMillan appears in action 1st, 2010 issue of BusinessWeek, a each week periodical. The article exhibits the leadership and entrepreneurship skills revealed by first-time chief operating officers at leading companies such as eBay, T. Rowe Price, morose Nile and Molson on the most treacherous headache battlefield in decades. Rookie CEOs were faced with the biggest crisis of their c atomic number 18ers. Employees, investors, and board members looked to them for guidance. The compose elaborates how these four CEOs stood up and proven the saying The real great leader shows up in hard times. In the initial part of the article, author duologue almost John Donahoe, who became the CEO of eBay in March 2008, at a time when the U.S. economy was imploding and eBays caper copy was low assault. Donahue picked a path that was far different from that of eBays ahead CEO. Donahoe reorga nized his workforce, companys web direct and likewise 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) instantaneously 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 oriented business mode l, Donahues strategy has worked and eBay is ! now earning steady profits. The mid-section of the article discusses most 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 save 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, itemise it on our website: BestEssayCheap.com

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