The journey to a senior management role is no easy feat. C-suite executives are confronted with a range of difficulties, from the lack of diversity to the gap between existing talent and future strategies. To gain a better understanding of these issues, 15 members of the Forbes Coaching Council shared some of the most common challenges new high-level executives face when taking on a larger leadership role. One of the biggest challenges is to take the time to get to know people and comprehend the business. It's essential for new executives to let their team know that they plan to spend 100 days doing this, as it will help allay any worries about what changes they can make in time.
When asked about their biggest challenges, CEOs often mentioned talent, inflation, and uncertainty. They also noted the difficulty in balancing short- and long-term priorities. One respondent suggested that it's important to "resist the urge to curb hiring, investment, M&A and growth initiatives", even when conversations and analyses focus on negative economic indicators or trends. These are just a few of the many challenges c-suite executives face. It's essential for new executives to take their time in getting to know their team and understanding the business before making any drastic changes.
By doing this, they can guarantee that they are well-prepared to tackle any obstacles that come their way.
