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There are CEO affect studies. Seems like the CEO effect on company performance is about 11.5%, see https://www.sciencedirect.com/science/article/pii/S104898432...

In my opinion, a lot of strategic work can be automated - and results would actually be better. Why? Because the strategic management agent would most likely follow a scientific process and make small bets instead of investing millions in initiatives without having a clear signal.

What you cannot automate is the human contact. Trust between humans. Enlighting the fire that burns inside you inside others. CEOs aren't necessarily the best strategic thinkers but they're very good in dealing with people and they are high-agency people.





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