Does Hiring A CEO Without Industry Knowledge Pay Off?

Experts say that visionary leaders can succeed as CEOs and serve as change agents — without industry-specific experience. But they also note that hiring industry outsiders can be a trap if the CEO can’t make critical adjustments.

What is your take ? Can you perform in a Industry unknown to you ? Will you gain respect from your team who know much more than you ? looks at this issue with some good case studies from IBM, Bloomberg, HP and others.
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