Can you explain the importance of adaptability as a key behavior for successful CEOs?

Elena L. Botelho is coauthor of The CEO Next Door and partner in leadership advisory firm ghSMART. She initiated and co-leads The CEO Genome Project - an extensive research and client practice that provides guidance to CEOs and executives on the path to becoming CEO. Prior to joining ghSMART, Elena was an Associate Partner at McKinsey & Company, where she advised CEOs and senior executives of Fortune 500 companies and major private equity players on the issues of M&A, business strategy, organizational change, and operations.

#DESCRIPTION
Elena L. Botelho explains why adaptability is one of four behaviors that her data indicates are key to be a successful CEO. According to the statistics, CEOs who were seen as adaptable were seven times more likely to be successful. Botelho explains that adaptability means that leaders were able to let go past assumptions, business models, companies, or beliefs that got in the way of moving forward. She provides an example where leaders were able to take failure and turn it into a positive.

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