No CEO can find a point of balance and then stand still - that's not even possible on a tightrope. The expectation is that the business must always move forward. The American CEO walks a tightrope daily...many times blindfolded and without a net below. The job of balancing the often-competing interests of a company's constituents is so challenging that the average lifespan of a newly minted CEO is around five years. Why is it that our most successful businesspeople, individuals who have been wildly successful at all other positions in their careers, often fail when they get to the CEO chair? The job of the CEO is unlike any leadership position, and many CEOs are unprepared for its challenges. Yes, you must have business acumen and people-management skills, but you'll also need to own the company vision, provide the proper resources, build the culture consistently and in alignment with company goals, make key decisions, and deliver performance that satisfies boards, shareholders, and investors. And, to complicate matters, you must work in an ambiguous environment in which you have absolute responsibility but questionable control. Your biggest challenge will be the balancing act required to be successful - to grow your company in the short term and create a long-term advantage that makes your efforts sustainable. Joel Trammell, successful entrepreneur, CEO, and investor, explores the various points of balance that challenge every CEO. He identifies what it looks like when a CEO is off balance and offers modern techniques and approaches to regain balance, drawn from almost 30 years of study and experience. You'll learn about the 50-plus daily struggles that might pull you off balance, such as how to build credibility while avoiding the cheerleader versus Eeyore trap; how to identify the right growth opportunities while avoiding the budget blower versus budget tyrant trap; and how to create strong alignment while avoiding the CIA versus amateur trap.
Trammell has created this resource for aspiring, new, and more experienced CEOs. He shares stories that allow you to identify your own strengths and weaknesses and provides questions that promote self-analysis. Filling a void in the market for a clear, compelling guide for CEOs, The CEO Tightrope is certain to become your go-to valued resource.
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A great template for aspiring CEOs
- Neil Hillier