Leadership, now more than ever, is much more than defining strategy, supervising management or even achieving outstanding results. The corporate lifespan is shortening, thanks to technology and faster commoditization of products. Jobs are transitioning into "on-demand" services. Transparency is no longer a high-minded aim but the starting point for governance.
Leaders and CEOs, in particular, need to master the art of foreseeing and anticipating the future. If they don't, it's easy to predict where things will end up: in what's called the Founder's Trap. Entrepreneurs are risk-takers by definition, but on the risk scale, the Founder's Trap is like the biggest roller coaster in the world, the skyscraper of thrill rides (if you need a visual aid, see the image below).