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Legendary UCLA basketball coach John Wooden describes competitive greatness as producing your best when only your best will be good enough. Whether it is the World Series MVP or corporate CEOs, the pressure is always on to come through in the clutch.
Our economy, long led by innovation and an entrepreneurial spirit, appears waiting to be led by government handouts, but the market belongs to investors and the collective business community even in times such as these when government support is necessary to right the ship.
I think we may be entering an era during which the leadership provided by a CEO will have a far greater impact on a firm’s success than it has historically. What is it about the current economic environment that makes the CEO role so much more important?