Shaun Collins, Ari Libarikian and Kurt Strovink
Where Delegation fails: Five things only the enterprise CEO can do to build new business
Business building is increasingly important for company resilience, and CEOs are uniquely suited for the job. Here are five tasks that CEOs can undertake to build successful new businesses.
CEOs should never outsource these five new-business building tasks to anyone else in the company.
When a parent company builds a new business, it increases its growth and resilience – if all goes well. Not surprisingly, data from McKinsey, as reported by consultant Shaun Collins and partners Ari Libarikian and Kurt Strovink, show that in 2021 more than half of CEOs saw new-business building as among their top three priorities. McKinsey’s researchers examined real-life cases to identify five new-business building tasks CEOs should not outsource to anyone else. These are the areas in which chief executives can bring the unique strengths of their position to bear and make a unique impact.
About the Authors
Shaun Collins is a consultant in McKinsey’s New York office. Ari Libarikian and Kurt Strovink are senior partners at McKinsey.
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