(Melbourne, Victoria) According to the Wall Street Journal, the average CEO holds his or her position for an average of 9.7 years in 2013, an increase over the 8.1 years seen in 2012. Back in 2000, the average CEO stayed in his or her position for approximately ten years, and the decrease in tenure is due, in large part, to increased intensity in the marketplace along with increased competition.
In addition, many believe CEOs are delaying retirement, thanks to the economic downturn. Many now choose to send their executives to CEO Institute, to provide them with the skills and support they need to succeed and feel fulfilled in their career.
"According to Statistic Brain, the average CEO spends 12.8 years at a company before being appointed the CEO, with 66 percent of individuals in this position being appointed internally. Many companies choose to send potential CEO candidates for leadership training, such as that offered through the Future CEO Program at The CEO Institute," Kristine Chompff, The CEO Institute spokesperson, explains.
The Future CEO Program provides CEO candidates with the contacts, skills, and knowledge needed to succeed in their new position. The program allows participants to engage in group discussions, question high quality guest speakers to learn how they can most benefit their company, and more. One chooses between full certification and provisional certification, with each program providing the resources, competitive edge, and education opportunities needed.
"Check out the Future CEO Program at The CEO Institute to learn more about how this benefits those being primed for this position. The institute offers scholarship programs to female candidates, with five being awarded in 2015. Each scholarship provides for three years of education, with successful candidates being awarded provisional certification as a certified CEO. This is only one of numerous ways the institute strives to help individuals achieve the desired level of success," Chompff continues.
Others choose to become members of The CEO Institute, as membership offers numerous benefits. Those who choose to partake of this opportunity find they have less stress and feel less isolated in their position and that it becomes easier to solve complex problems, as one has a support network to turn to. In addition, it becomes easier to see the big picture of a company with the help of others who have had similar situations in the past.
"The CEO Institute remains dedicated to helping others move their company forward. The CEO Institute membership and the Future CEO Program are just two ways they work to fulfill their mission. Other programs are offered to help CEOs, both new and experienced. Be sure to check out all offerings available at the institute to determine which best meets the needs of each business," Chompff states.
About The CEO Institute:
Ken Gunn founded The CEO Institute in 1992 as an organization offering peer to peer support for chief executives. Mr. Gunn remains the chairman and CEO of the organization and continues to move the company forward. In 2011, the institute became the first CEO global certification body in the world, and executives from around the world make use of the organization to connect with their peers and learn from the experiences of others. With the help of The CEO Institute, individuals find it easier to achieve personal and business success.
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