Leadership Challenges in ESOP Companies
By Virginia J. Vanderslice, Ph.D.
Effective ESOP leadership is different than effective leadership in companies with more traditional ownership structures. The opportunities are greater and so are the challenges. Leaders in all companies need the basics of business acumen, strategic perspective, market awareness, and the ability to develop and communicate a compelling vision. The challenges for leaders of ESOPs arise from a combination of the expectations of employee owners and the challenges of defining and building a sustainable ownership culture that drives company performance.
Originally Published In:
The ESOP Report, September 2014, The ESOP Association