This blog is based on 35+ years experience with Fortune 100, and SME's (both public and private), as well as Turnaround and Change Management experience, actual present-day field observations and data, as well as current research, published and unpublished.
The rules of thumb for CEOs (which is consistent with much of the literature), is to focus on the following major areas:
1) Succession Planning and Leadership Identification of 3-5% of your people within each level of your organization. In general, the amount of time to spend on this critical area for sustainability and growth is 30-40% of your time.
2) Articulate the Vision you have developed and have agreement on within your company, and also those of perpetuating the "keys of success for your business." Establish a culture for the need of continual change and improvement to remain competitive in this global economy, as well as where is the company going. Communicate this regularly and repetitiously.
3) Strategic Planning and Development, and Business Plans, should be regularly reviewed and updated.
4) Communicate within and outside of your company about major issues and identify the secrets of success for your company. Be a culture setter along with re-emphasizing operating rules and social structure.
5) Help to make major deals and actively promote your company.
6) Manage your Finances and especially Cash Flow by regular overview.
7) Maintain an entrepreneurial mindset while surrounding yourself with excellent managers.
8) Stay abreast of changes and challenges within you industry and those of major suppliers and related industries, that might impact your business now and in the future.
9) Read continually, and grow and identify personal development areas of your own.
How do your rate in these areas?
Leadership and especially Leadership Charisma, in recent research, has been identified that these talents and competencies can be learned/trained. So are you and your company taking advantage of this knowledge and putting in place training programs for Leadership, but now, also including Charisma training?
Engagement can be significantly enhanced by having good or great leaders and now that Charisma has been determined that it can be learned, these programs should be put into place. Heightened engagement has been well documented in multiple studies, over many years, to significantly increase profitability.
Highly engaged organizations lead to reduced turnover. Turnover is a major cost drain, brain drain, and morale detractor and can seriously affect customer service and the company's reputation in the marketplace.
If you have any questions, suggestions, or topics you would like addressed, please leave a comment or send an e-mail. It will be a pleasure to help or address concerns that you may have. Below are some articles that you may find interesting.
Links to articles from this blog and other sites:
Financial Health of Asia Economies in Times of European Trouble
In 2012 the Top 20 Countries for Business per a recent Bloomberg Study
BPO Attrition/Turnover 20-60%, Retention Initiatives and Recruiting Issues
ETHICS, Drugs and Morality: How they affect Communication, Productivity and Everyday Life- Part IV
ETHICS, Drugs and Morality: How they affect Communication, Productivity and Everyday Life- Part III
Ethics, DRUGS and Morality: How they affect Communication, Productivity and Everyday Life- Part II
Ethics, Drugs and Morality: How they affect Communication, Productivity and everyday life Part I.
The 5 Most Difficult Jobs to Fill in 2012 for the US?
Risks in IT Security and Storage for 2012
Evaluating Our Lives, Both in Retrospect and Now...What About the Future?
Five Common Strategy Mistakes - Michael Porter's Insights for Managers
CEO Survey Says that in the Next 3-5 Years, Talent Shortages, Limited Skilled Candidates are Major Impediments to Growth
Talent and Skills Shortages Number One Risk in Asia Pacific and 4 Other Risks
Global Risks to Consider and Recent Analysis by Lloyd's- Has Your Company Considered These?
Life's Lessons or What Have We Learned So Far?
Can you change your circadian clock?
When should Visionaries and Leaders step down or move over?
Interactive Display comparison of top 20 Multinationals vs top 10 Companies in each Asian Country
"Gamification" - Mixing Work and Play?
CEOs Get Warnings About 2012 - WSJ Nov. 18, 2011
The need to walk your talk....leads to trust and engagement....if you don't...
Not all Acquisitions or Strategies, Work
Charisma can be Taught and Learned
Recent data reporting a Change in the approach to Sustainability around Energy, Green Products, and Retaining Employees
Innovation in the 21st Century and Steve Jobs
Leadership Charisma and Engagement
Building Great Teams
Turnaround CEO of Marvel Entertainment on CEO TV
Leadership Does Not Just Rest with Your Title
No Charisma, No Funding
How much Information do you or Should you Share?
Performance Modeling/Benchmarking and 360 Performance Reviews
Analyze, Decide, Lead says Columbia's Business Dean
Even CEO's and Presidents report to someone
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