Chief executives come and go. Such handovers are meant to be moments of renewal, offering firms a chance to reset strategy and rekindle innovation. In practice, they often do the opposite. New bosses, confronted with unfamiliar organisations and a blizzard of information, tend to fall back on what they know. Managerial myopia sets in; caution trumps creativity precisely when bold thinking is required. A new study from USC Marshall suggests that …
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