the ceo magazine, business growth,
Charles E. Knadler, CEO, EnerBank USA

Innovation is great for businesses, but it’s no good if the company neglects to execute on the fundamentals.

Concentrating on the fundamentals in a bull market on Wall Street can help companies weather the storm and even thrive in a bear market. Companies that ignore the fundamentals should be prepared to take a hit during a recession, sometimes well beyond the ones experienced by their competitors. The fundamentals apply to everything from governance and management all the way to individual employee tasks.

the ceo magazine risk taking

In my work, I frequently engage in a broad-based leadership development program to prepare top talent for advancement. That was the case when I recently worked with a large construction company to groom Mike, one of the presidents, and Joe, the lead risk officer, for advancement.

During the 360 peer interviews I asked Mike how Joe could improve in general and how he could specifically help Mike with his growth objectives. Without hesitation, Mike answered, “I need for Joe to take me right to the edge of the cliff without letting me fall over. Right now he’s serving as the business-prevention arm of the business.”

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