Mark Fagan, CPA, Managing Partner, Connecticut Office, Citrin Cooperman

Jack Welch, the highly quotable former chief executive of GE, once said, “Change has no constituency—and a perceived revolution has even less.” That’s a vital lesson for CEOs of companies that are going through a strategic pivot. It is fine for a CEO to mandate a change in direction and take the business model down a more promising path – as long as the rest of the company is willing to follow his or her lead.