Out of the minds of chief executives comes the direction the corporation will take—be it expansion into new markets, expansion of current operations, acquisition of new lines of business, divestiture of selected business units, or contraction of certain operations. Two questions come to mind: How well prepared to make those decisions (in terms of breadth of background) are the men who fill these jobs? And, considering the environmental changes, can chief executives operate in the future as they have in the past? We believe that planning must and will, by the force of events, play a more vital role in the development and generation of CEOs.
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