article thumbnail

What Impact Does It Have When Leaders Become Sick?

The Horizons Tracker

The study gathered data on around 13,000 Danish SMEs from 1996 to 2012, with the data revealing that a five-to-seven day period of hospitalization for the CEO resulted in profitability of that business falling by 7% during that year. What’s more, this damage was even more severe if the period of hospitalization is longer.

CEO 97
article thumbnail

What It Was Like to Be a Manager in Ukraine

Harvard Business Review

In my former position as Managing Director of Philip Morris Ukraine where I was based from January 2012 until February 2015, I was forced to see it as a business crisis that threatened our people, operations, and bottom line. The cohesion of our team made it safer to discuss difficult issues, innovate solutions, and take risks.

Crisis 8
article thumbnail

What a Changing NAFTA Could Mean for Doing Business in Mexico

Harvard Business Review

While consumer spending has proven resilient, with same-store retail sales rising 6% YOY in April , most multinational corporations are developing contingency plans to mitigate risks to their businesses and reassessing the country’s role in their global market portfolio and supply chains. Renegotiating NAFTA.