Final answer:
The leadership challenges that top executives face in making corrective adjustments when things are not going well.
Step-by-step explanation:
The leadership challenges that top executives face in making corrective adjustments when things are not going well include:
- Knowing when to replace poorly performing subordinates and when to do a better job of coaching them to do the right things.
- Being able to discern whether to promote better achievement of strategic performance targets or whether to promote better achievement of financial performance targets.
- Deciding when adjustments are needed and what adjustments to make.
- Having the analytic skills to separate the problems due to a bad strategy from the problems due to bad strategy execution.
- Deciding whether the company would be better off making adjustments that curtail the achievement of strategic objectives or that curtail the achievement of financial objectives.