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A COO’s role is integral to any enterprise’s success, serving as the right hand to the CEO and ensuring the seamless functioning of business operations. The COO is often tasked with translating strategy into action, leading critical functions ranging from operations and finance to sales and marketing.
Darrin Williams , CEO of Southern Bancorp, may have been a little surprised when a world-class business school professor came knocking at his door. Indeed Brian Moynihan, Bank of America’s CEO, and Darrin appeared side by side on “ Mad Money ” on CNBC touting their new partnership. Yet, he could no longer fly under the radar.
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?
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.
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. For example, evidence shows that for most of us, operating on fewer than six hours of sleep is equivalent to operating while drunk. In the U.S.,
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.
Do you value operations, maintenance, customer service , engineering, information technology , sales , finance, marketing , accounting – all departments, equally? In Good to Great, Jim Collins explains the best CEOs are not external hires, but brought up through internal development. You can leave a comment here.
This role is no longer confined to technical oversight or incremental operational improvements. In parallel, their remit includes guiding organizational mindsets so that each business functionmarketing, sales, operations, human resourcesoperates cohesively under a unified digital vision.
That’s a shame because the aviation industry as a whole still continues to be an industry model for how to operate with extremely high reliability despite having a highly fragmented set of organizational entities. There’s no single CEO-like entity and no hierarchy for single accountability. logistics, and finance.
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.
The harsh reality is that great numbers of leaders continue to operate in a vacuum by sequestering themselves away in the corner office and attempting to lead from afar. Trust me when I tell you that being out of touch is never a good position to find yourself in as the CEO.
Whether leading an emerging growth company or a large multi-national corporation, aside from the CEO , there is arguably no position that has impact and contribution like the CHRO. Find HR’s hand (in a good way) in everything as an enabler and contributor to operations flowing all the way through to customer/client satisfaction.
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.
CEO Blog - Time Leadership Wednesday, November 24, 2010 Angel Capital vs. Venture Capital Angels and VCs are often very synergistic. Their background in operations of a business often makes them more suitable to do the detail work. VC can often: 1 - Provide more money and more follow on rounds of financing.
In the CEO Afterlife. I was Nabob’s VP of Marketing, a 32 year-old disciple of an excellent turnaround CEO – a fellow by the name of Hugo Powell who eventually moved on to Interbrew (now Anheuser-Busch InBev ) as CEO. While they have NFP status, they are a large organization so the finance picture is significant.
This is the definition of presence, and it is only when we operate in the present that real creativity, growth and innovation occur. Operating in excess of that threshold will cause increased stress, lack of attention to detail and errant decisioning. Is your rubber-band stretched so tight that it’s about to snap?
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. But hey…you hear that from me on a fairly consistent basis.
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. They make bad decisions.
And no one needs to understand that more than the CEO. Your talent assessment/development systems should have as much “rigor and repeatability as systems used for finance and operations.” And you should “review people as thoroughly and regularly as you review operations, business performance, strategy, and budgets.”.
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Savvy CEOs simply aren’t in a rush to close the deal and secure the funding if it means sacrificing knowledge, experience and influence. By Mike Myatt , Chief Strategy Officer, N2growth . I have watched entrepreneurs and executives initially trivialize the value of influence in a capital transaction, only to regret it down the road.
If youre still operating like its 2010, thats a problem. New Management, New Directions Ive seen it time and time again: a new CEO, new CFO, or a fresh board of directors steps in, and suddenly, everything you thought you knew about the company gets upended. But it's also an opportunity.
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.
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.
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.
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.
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?
Think about it…when was the last time you viewed a negative soundbite of a CEO who was engaged in active listening? A key point for all leaders to consider is that it’s impossible to stick your foot in your mouth when it’s closed. The next step in the process is learning where to apply your new found listening skills.
These silos are staffed with legions of “tenured&# COBOL and C++ programmers, as well as &# tenured&# IT managers overseeing the operation. Walking into these organizations is often like traveling back in time 20 years.
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Home About Overview News Careers Contact Blog Services Branding/Identity Executive Search Leadership Development Overview CEO Coaching Executive Peer Groups Strategic Growth Consulting Innovation Management Personal Branding Reputation Management Social Media Consulting Pro Bono Services Clients Intermidiaries Downloads Blog Contactus N2growth Home (..)
Also, a common response is to confuse a sales engine, fulfillment process, operational process, technology platform, or any number of other areas as business models, where this is not the case. Furthermore, a business plan, strategic plan, marketing plan, capital formation plan, exit plan, etc., are also not business models.
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.&#
Posted on November 29th, 2010 by admin in Miscellaneous , Operations & Strategy , Talent Management By Mike Myatt , Chief Strategy Officer, N2growth Bonus or no bonus? That is the question. I take away from your post that an objective in bonus pay should not create negative outcomes (us vs. them, entitlement, etc.),
Dean of the Rotman School of Management, Roger Martin, states in Fixing the Game , "We haven’t looked deeper into blameworthy CEO behavior to understand what really caused it. Instead, we’ve looked for a new scapegoat, chosen to operate from the same fundamental theories, and doubled down on the same fixes." THE STORY BEGINS.
Oh, and by the way…if you’re a CEO you better have a very clear understanding of what your customers are experiencing at every level of interaction across your enterprise. Great CEOs personally experience their business as a consistent consumer of its services. Richard Branson is a frequent passenger on Virgin flights.
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I have witnessed on numerous occasions CEOs with average, or even sub-par performance histories fare well because they possessed great messaging skills. By contrast, I have also watched CEOs with excellent performance histories not do so well because they did not possess the messaging skills necessary to keep stakeholders engaged.
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If you’re a CEO who doesn’t leverage conflict for team building and leadership development purposes you’re missing a great opportunity. Bottom line…I believe resolution can normally be found with conflicts where there is a sincere desire to do so. If so, you likely have issues with conflict.
However I believe the more important emotional trait for CEOs and entrepreneurs to gain mastery over is what I call EC or emotional control. Great CEOs lead by example…they set the tone for others in the organization by demonstrating proactive, rational, logical and balanced thinking as opposed reactionary emotional thinking.
Posted on October 13th, 2010 by admin in Operations & Strategy By Mike Myatt , Chief Strategy Officer, N2growth How dumb is your business? If your company can’t be operated by mere mortals, you need to reexamine your business logic.
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