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Essay / Research Paper Abstract
This 4 page paper looks at a scenario where a CEO is taken ill and the student has to stand in. The paper looks at the actions that may be taken by the temporary CEO in order to make the most of the opportunity. The bibliography cites 2 sources.
Page Count:
4 pages (~225 words per page)
File: TS14_TEtempceo.rtf
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Unformatted sample text from the term paper:
successful and a mediocre career. If a CEO is taken ill with a serious condition and is unlikely to return a temporary stand it will have to take charge while
a replacement is found. This is an ideal opportunity for an individual to seize the opportunity and prove their capabilities. In the firm the CEO is an important person, they
are generally seen as a guiding light, changes in CEO can be reflected in share prices as the market reacts to changes. For example, when Apple Inc. announced that Steve
Jobs would be coming back as CEO there was a high level of optimism in the firm and the markets and share prices increased. This indicates the potential impact that
changing CEO may have in a firm and its relationship with is stakeholders. The first consideration will be the immediate situation remembering the circumstances under which the changes have
occurred. The development of an approach and a three month plan needs to be undertaken in order to ensure the continuation of a successful business. The initial concerns may focus
in the primary stakeholders and the difficulties that the uncertainty may cause. The first task will be to communicate with the different stakeholders. The impression that is given in these
initial communications, especially with external stakeholders will help to determine the way that the ongoing relationship between the stakeholders and the firm continue or develop. The communication needs to take
into account the reason for the change with concern expressed for the former CEO and for his recovery, but an acceptance that although the circumstances are not good the firm
has to continue and it is in safe hands. The meetings with the senior management should be followed by larger staff meeting
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