A new CEO was hired on March 1st, 2020. The Founder & CEO of the 40-year-old manufacturing company was ready to retire and envisioned renewed energy and market share with a new CEO. The company produced solid and stable results though remained average in the marketplace. The company engineers, tests and manufactures electronic Tier 1 military and aerospace product solutions. The Founder & CEO would continue as Chairman of the Board to support transition of the executive team and the new CEO. The executive team enjoyed longevity and little disruption over the decades of successful teamwork. On March 3rd, 2020, the CDC reports an unknown virus threatens to disrupt business for a few weeks. As a brand-new CEO for a company that produces an essential product in a tightly controlled environment, this CEO must establish teamwork quickly to respond effectively to this potential crisis. Use these readings from the Harvard business review to address the following:

1. List 3 immediate steps the CEO should take to establish immediate trust with his executive team once the news of an unknown virus is reported.

2. Describe 3 challenges in team building this CEO might face and suggest a solution to each point (based on your readings).

3. Identify effective ways of building and sustaining team cohesion in a crisis (such as a pandemic).

4. Identify ways you could contribute to stability of your organizational team at your current level to support organizational change Apply what you have learned this term to maximize team performance during an executive (CEO) transition.

ARTICLES:

https://hbr.org/2022/02/leaders-dont-have-to-choose-between-compassion-and-performance

https://hbr.org/2022/01/how-leaders-can-balance-the-needs-to-perform-and-to-transform