By significantly expanding our understanding of the dynamics of competition, Michael E. Porter's Harvard Business Review article «How Competitive Forces Shape Strategy» launched a business management revolution among academics and practitioners when it was published in 1979. In the just released On Competition, Porter collects his most influential articles from HBR, and adds new work on health care, philanthropy, social responsibility, and leadership. This excerpt, coauthored with Harvard Business School professors Jay W. Lorsch and Nitin Nohria, looks at common surprises faced by new CEOs. See a video interview with Porter.
Most new chief executives are taken aback by the unexpected and unfamiliar new roles, the time and information limitations, and the altered professional relationships they run up against. Here are the common surprises new CEOs face, and here's how to tell when adjustments are necessary.
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