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CEO Career Breadth Creates Novel Strategies

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Companies thrive or die off their ability to find the right type of leadership to manage their daily operations. Investors would be wise to consider the background and depth of experience when hiring their next CEO. A study of CEOs at 250 Fortune companies found that CEO career variety is positively associated with firm-level novelty that offers strategic dynamism and strategic distinctiveness that can help firms change and grow (Crossland, et. al. 2014).  Strategic novelty is the ability of CEOs to think out of the box and beyond the medium of traditional strategies of those firms within their field. Instead of using only the same strategies, as other firms, they often seek out alternative strategies that could potentially have more lucrative outcomes. Novelty can make the difference between a market leader and market follower. Career breadth is the multiple industries and places that people have worked over their careers. A CEO who worked in a single industry throughou

U.S. CEOs Optimistic About the Economy and Plan on Hiring

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America is pulling ahead as CEO's project a much brighter future with more hiring and greater investment. According to a report by the Young President's Organization (YPO) the U.S. bucked trends of other nations by raising their confidence index from 64.2 to 65. This optimism is a full two points above other countries and has prompted some positive decisions in company strategic planning that will bode well for the American worker. Net importers of oil were more optimistic than net exporters. The reason this is the case is because exportation of a natural resource can be lucrative but is also unsustainable and limited. Those nations that reaped the rewards in the past may find their economies struggling now that prices are changing and demand is less. Importing nations find the cheaper oil prices an advantage for their production and economy through lowered input costs. The report had three interesting expectations over the next 12 months that include: -70% Sales to In