First time CEOs and relatively new to the role (3-6 months)
Startups to small to medium organisations, in healthcare, government, retail, council and other sectors
The journey of being appointed to a CEO to becoming known as a seasoned CEO/executive is an unique journey, which exposes an individual to the complexities of corporate governance and unchartered territory. Some of the major challenges are:
As an incumbent moves to a CEO role, they are now required to deal with complexities they have previously not dealt with. They are no longer deep experts – they need to be broad experts. These complexities involve:
Managing multiple functions – IT, Finance, Operations, HR, Sales and Marketing
Managing the Board much closer, including having to build rapport and a working relationship with the Board
Managing a team of executives and having to decide whether collaboration or decisive decision-making is required, how much to listen to, how to determine working rhythm, how to utilize everyone’s time and, most importantly, how to maximize everyone’s time and contribution
Having tough conversations and having to avoid “over-friendly” relationships
Managing a team of executives and having to decide whether