#31 Season 3, Episode 4: This podcast tackles the contrasting roles of leaders in a healthy, well-run organization versus a struggling or failing company, highlighting the inherent difficulties and benefits of each situation.

The speakers discuss how leaders in healthy companies can struggle due to resistance from the board and employees when trying to foster innovation and change, while leaders in struggling companies are more in line for revolutionary changes, though often at a faster pace. The hosts argue that the best leaders in both situations engage and inspire their teams. They discuss some key attributes for individuals taking on a leadership role; ability to take decisive action, restore confidence, navigate resistance to change, and revamp culture. Another crucial factor is the loneliness that comes with the top position in a company, underscoring the importance of having someone by your side for support, either in the form of a coach or a trusted advisor.

This podcast also talks about succession planning and urges leaders and founders to understand their strengths and limitations in terms of duration at the executive level.

00:47 Challenges of Leading a Troubled Company

01:19 The 'On the Bus or Off the Bus' Speech

03:15 The Importance of Team Alignment 03:40

05:12 The Role of a CEO in a Failing Company

11:01 The Importance of Succession Planning

22:37 The Loneliness of Leadership

24:45 The Value of a Trusted Coach