The leadership challenges that top executives face in making corrective adjustments when things are not going well include: 1. deciding whether the company would be better off making adjustments that curtail the achievement of strategic objectives or that curtail the achievement of financial objectives.
2. having the analytic skills to separate the problems due to a bad strategy from the problems due to bad strategy execution.
3. being able to discern whether to promote better achievement of strategic performance targets or whether to promote better achievement of financial performance targets.
4. knowing when to replace poorly performing subordinates and when to do a better job of coaching them to do the right things.
5. deciding when adjustments are needed and what adjustments to make.