Seven surprises!
The article deals with CEO complacency that may crop-up when at work thinking that its all about high-level strategy setting, decision making, making things happen etc…However, that being the case, as a CEO, you have much more to do on your agenda and you need to do things with caution & care. Porter at al have discovered that nothing – not even running a large business within the company – fully prepares a person to be the CEO. WOW! Whadda way to go! He lists seven surprises that are most common for new CEOs: -
1. You can’t run the company – The sheer volume & magnitude of external demands take many CEOs by surprise.
2. Giving orders is very costly – No proposal should reach the CEO for final approval unless he can ratify it with enthusiasm.
3. Its hard to know what is really going on – Information overload causes chaos and with scale & size, it tends to get messier!
4. You are always sending a message – Everything a CEO utters is magnified, amplified, scrutinized and interpreted (sometimes mis-interpreted too!)
5. You are not the boss – Boss…Do you see the Board of Directors above you?
6. Pleasing shareholders is not the goal – CEOs shouldn’t get too myopic with short-term numbers / stock-prices...instead should focus on long-term value creation.
7. You are still only human – You are not SUPERHUMAN!
Therefore, the lesson from the above article for new CEOs is one must learn to manage & lead the organization from an organizational context rather than focusing on daily operations (nitty-gritty or nook & cranny stuff!) and always remember that there are multifarious limitations in getting things done even though others might treat you like omnipotent. So true, isn’t it?
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