4 Things That Set Successful CEOs ApartFeb 04, 2018
Know, Watch, Ponder
"Mistakes are the portals of discovery."
Peter Drucker said, "The CEO is the link between the Inside that is ‘the organization,’ and the Outside of society, economy, technology, markets, and customers. Inside there are only costs. Results are only found on the outside."
OK. Got it - especially the last part about "results are only found on the outside." Ergo, the customer, markets and sales must be a top priority. But what do truly successful CEOs actually "DO" day-to-day?
HBR's May-June 2017 article, What Sets Successful CEOs Apart, describes the findings of a ten-year study of 17,000 CEOs that answers this question. If you're not an HBR subscriber, you can click on the Summary icon just below the buy line to get the gist.
But wait! 17,000 CEOs? That's a heck-of-a-lot of CEOs! Were you interviewed? Yeah, me neither. Maybe next time. Hey, HBR, we're over here!
The four things that successful CEOs do:
- They’re decisive, realizing they can’t wait for perfect information and that a wrong decision is often better than no decision.
- They engage for impact, working to understand the priorities of stakeholders and then aligning them around a goal of value creation.
- They adapt proactively, keeping an eye on the long-term and treating mistakes as learning opportunities.
- They deliver results consistently, by steadily following through on commitments.
I love this list! Have fun ticking off what you're already doing. Pick what's next and start doing it today!
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