Executive leaders new to your organization face a steep learning curve as they enter the unfamiliar and uncharted waters of your business and the industry within which it operates. They must quickly get up to speed on the competitive landscape, the implications of corporate strategy, identify key stakeholders and forge productive relationships—at the same time they must assess and build their team.
Beyond needing to learn the organization, expectations for results and performance are high. New executive leaders are expected to resolve long-standing issues and produce significant results in a short time frame.
A study by the Harvard Business Review showed that the average amount of time to reach full performance — making critical decisions with the right information in hand and having the right people in place to help execute — can be reduced by one-third, from six months to four, when new leaders are successfully onboarded into the new organization.