Question

It is estimated that one-third of Fortune 500 CEOs have remained in their positions fewer than three years. Which does this indicate about executive development?

Executives are open to change and have the skills to succeed but are not getting honest feedback about their performance.
Executives have the people skills and intellect to succeed but lack the personal drive and initiative to manage change.
Executives have strong people management skills but lack the knowledge and intellect to outperform the competition.
Executives have the knowledge and intellect to succeed but lack the people skills to build teams or maintain productive relationships.

Answer 1

Executives have strong people management skills but lack the knowledge and intellect to outperform the competition.

Step-by-step explanation:

The fact that one-third of Fortune 500 CEOs have remained in their positions for fewer than three years indicates that executives have strong people management skills but lack the knowledge and intellect to outperform the competition. This is because they are unable to sustain their positions and achieve long-term success in their roles. While they may excel in managing people and building teams, they may struggle with strategic decision-making and outperforming their competitors.