Step 1: Root Cause Analysis. At this level, almost every company screens for the proper skill set, motivation and track record. Therefore, the first step to properly firing an executive is figuring out why you hired the wrong person for your company. You may have blown it fora variety of reasons You did a poor job defining the position in the first place You hired for lack of weakness rather than for strengths You hired for scale too soon You hired for the generic position The executive had the wrong kind of ambition You failed to integrate the executive.
Once you identify the problem, then you create the basis for the next steps.
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