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Posted on January 21st, 2011 by admin in Leadership , Miscellaneous , Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth Entrepreneur, CEO or Both? CEO…that title sounds good doesn’t it? What does a CEO really do anyway? Which hat, or hats do you wear?
The path to reach the coveted leadership position as CEO of a Fortune 500 company is usually a long one. Unfortunately, statistics show that that far more men land the CEO title than women. What does it take to become a CEO? Here are some highlights: 97% of Fortune 500 CEOs have an undergraduate degree.
Think of any top performing CEO and you’ll find that to the one, they possess an uncanny ability to focus on highest and best use activities. While most executives that have reached the C-suite level understand the importance of scaling via delegation, far too many CEOs struggle with the effective implementation of the concept.
Posted on July 7th, 2010 by admin in Leadership , Operations & Strategy , Rants By Mike Myatt , Chief Strategy Officer, N2growth I have read some interesting articles and blog posts of late on the subject of CEO term limits, and felt this topic worthy of discussion.
Indeed, executives often see themselves as industry or functional domain expertswhether in tech, health sciences, finance, or as an engineer, designer, or head of operations. During her tennis career, Serena Williams maintainedand still doesa healthy, largely plant-based diet as part of her philosophy of eating to live rather than vice-versa.
A simple illustration perhaps is a CEO of a large injection molding firm, who might be well suited to a brewing and bottling company. The CFO candidate might get by with only a broad sector experience in manufacturing, finance, or technology. You will subconsciously know when a candidate is CEO material.
Research from Bayes Business School (formerly Cass) found that a CEO’s last name can significantly impact their job security and boost their pay by as much as 4.9%. perceived CEOs’ last names and where they came from. This perception was then linked to CEO pay and job security. after these countries opposed the U.S.
A CEO’s ability to perform effectively is so closely tied to their ability to form a clearly articulated vision, evangelize the vision and then to execute on their vision, that no real discussion on executive leadership should take place without an emphasis on vision.
Trust me when I tell you that being out of touch is never a good position to find yourself in as the CEO. My advice to CEOs, regardless of whether you’re running a start-up or a Fortune 500 company, is to go see things for yourself.
Show me a CEO with a bad attitude and I’ll show you a poor leader. As a CEO, how can you expect to inspire, motivate, engender confidence, and to lead with a lousy attitude? Leaders are not perfect, and as CEO, trust me when I tell you that you’re going to have your fair share of bad days.
However I believe the more important emotional trait for CEOs and entrepreneurs to gain mastery over is what I call EC or emotional control. I have only raised my voice in the workplace twice during my career and both times I have regretted it tremendously.
These Human Resource leaders represent the top 25 human resources leaders shaping careers, culture, and talent at the world’s most innovative people driven companies. Second, they must become a trusted consigliere to the CEO. He is a highly valued and trusted thought partner to CEO Bruce Broussar d. Many things actually.
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If I only had a nickel for each time a CEO has told me “We have the best talent in the industry.&# If CEOs spent half as much time on talent initiatives as they do complaining about talent, their companies would see significant improvement thus obviating the need for all the complaining.
I cannot even begin to count the number of times I’ve had a CEO tell me that certain immutable business principles just don’t apply to his/her business because, “this business is different.&# Moving on…Believe it or not, CEO is not always synonymous with all knowing business guru.
Over the years I’ve met more than a few CEOs who paid little or no attention to their board of directors, only to find themselves wondering what went wrong as they were being ushered out the door prior to the expiration of their employment agreement. As a CEO, your board can be one of your greatest allies.
As Chairman and CEO of Thomas Nelson Publishers, the largest Christian publishing company in the world, and the seventh largest trade book publishing company in the U.S., I had a lot of success early in my career. Humble, authentic leaders who really understand their craft are equally scarce. Michael Hyatt : Very much so.
Think about it…when was the last time you viewed a negative soundbite of a CEO who was engaged in active listening? Organizations can no longer guarantee work and careers, even if they want to. A key point for all leaders to consider is that it’s impossible to stick your foot in your mouth when it’s closed.
As much as you may wish it wasn’t so, as a CEO you’re really only as good as your last decision. As a person that works with CEOs and entrepreneurs on a daily basis I can tell you with great certainty that all leaders are not created equal when it comes to the competency of their decisioning skills.
Regardless of where you are in your life and your career, I can promise you one thing; you will consistently be faced with challenges and obstacles along the way. My question is this: have you taken the time to do the necessary planning? You will face physical, mental, financial, relational, and resource challenges among others.
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This is so much the case that some CEOs will avoid restructuring initiatives at all costs. My question is this…since when have fear and avoidance become prerequisites for success as a CEO? What do great CEOs do when the business model, the strategic plan, and the revenue hurdles don’t seem to be in alignment?
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I want to frame my thoughts on the topic of significance by beginning with an excerpt from my book “ Leadership Matters…The CEO Survival Manual “: “By the time you reach the CEO level you should be striving to move beyond success and towards significance. I really do think that people mix the two up on a very regular basis.
Anyone paying attention to current events has recently witnessed that it doesn’t really matter whether you’re a politician, investment banker, CEO, or just an average citizen, when it comes to making a simple decision, managing a crisis, or attempting to exploit an opportunity, timing is everything.
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Eric Shinseki, former Army Chief of Staff, Alan Mulally, CEO of the Ford Motor Company, and Frances Hesselbein, former CEO of the Girl Scouts. Marshall Goldsmith : While I could offer many examples, three individuals come to mind: General (Ret.)
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My engagements with CEOs often focus on helping them to embrace change through disruptive innovation. Bottom line…don’t be the CEO who causes your management team to continually say “the boss won’t go for that one.&# or my personal favorite, “We need to focus on our core business.&#
Sadly, the reality is messaging is so impactful that it will often times have a greater impact on your career than your performance. I have witnessed on numerous occasions CEOs with average, or even sub-par performance histories fare well because they possessed great messaging skills.
Complicating matters further for CEOs attempting to determine what to do about bonuses is all the recent media attention and public outrage in regard to what is perceived by many to be excessive, frivolous compensation. but to focus on compensation strategy that builds on performance.
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The following list of suggestions is my gift to you in hope that it will allow you to outsmart those that feel they cannot be outsmarted… Define Acceptable Behavior : This first thing all CEOs need to do is to accept responsibility for any “corporate crazies&# who have taken residence in their organization.
And I can assure you that any CEO who views him/herself as an army of one will fail. Whether you like it or not, your success as a CEO will be largely tied to your team building ability. Great CEOs realize the importance of being consistently, purposefully and intensely engaged with their CXOs.
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It was a pain by then but during the rest of my career that mentality has stuck with me and I found that its always easier comming up with the simple solution in the first place rather than dealing with complex workflows until you have had enough and go back to simplify it.
Leaders and non-leaders alike need career-pathing, training and development. In my opinion the practice of leadership identification is simply based upon flawed business logic, and it is make-work in the purest form. I’m a huge advocate of refining initiatives that allow any level of talent to be developed to the maximum potential.
How many times during the course of your career have you witnessed executives and entrepreneurs who desperately need help, but either don’t recognize it, or worse yet, make it virtually impossible for someone to help them? Mostly attitude determines how far we can be bold to this subject. Just addition to what i said previously.
Let me be blunt – you won’t earn anyone’s respect, at least not the respect of anyone who matters if your concern for career success overshadows your concern for the well-being of your family. Think About Your Legacy: Create a legacy that transcends your career.
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