My firm belief is that that is not correct. Only you have to set it up properly. For every CEO, predictability is essential to build a reliable and stable company that is credible to stakeholders.
#LeadingAgile, Mike Cottmeyer, provides a very clear explanation in the article below of what is needed at team level and at company level to be predictable based on agile ways of working.
https://www.leadingagile.com/2020/09/increasing-enterprise-level-predictability-with-agile/
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