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New CEOs, mindful that poor stock performance is the primary reason boards fire chief executives, might be tempted to boost stock price immediately by adding a few pennies to earnings per share. But that would be a mistake. From day one, the new leader must establish objectives and rules that promote long-term value creation.

Managers with different jobs in the same company are more likely to have similar leadership styles than managers with similar jobs in different companies, report Thomas Kell and Gregory T. Carrott of Heidrick & Struggles.