Book Summary:
An examination of the role of a CEO, the stress and loneliness that comes with it and how to cope.
Related Book Summaries:
Mindset – Carol Dweck – Book Summary
7 Habits of Highly Effective People – Stephen Covey – Book Summary
Quotes:
Its a good idea to ask: what am I not doing?
Take care of the people, the products and the profit – in that order.
Book Summary Notes:
- Every CEO will face massive pressure and responsibilities when it comes to running a company.
- The first problem many new ceo’s encounter is the struggle between their desire and dreams of success and reality.
- Use teamwork, creativity and a solution based orientation to help manage issues as they arise.
- Problems will always arise, its best to be honest about the situation and focus on finding solutions quickly.
- Managing and firing people is within the role of the CEO, when it comes time to let people go focus on doing it quickly and fairly.
- If you need to let go of an executive, take responsibility for the mistake of hiring the wrong person for the job.
- A thriving company needs a strong focus on training and education, as well as a great human resources Team. Companies are only successful when there people feel taken care of.
- When taking on new hires focus on strengths not on any short comings. Their strengths are what will allow them to excel at the job.
- Try to restrict corporate politics where possible, one way to do this is hiring people who are focused on the success of the company as a whole rather than the success of the individual.
- Some tools that also facilitate a lack of corporate politics are: regular scheduled performance reviews, transparent compensation scales and promotion schedules.
- A great CEO requires vision, they must know where the company is going and how it’s going to get there.
- The two general different types of CEO’s are the decision maker and the implementer. The first focuses on choosing the path the company will go down and making big decisions whereas the second prefers the execution and performance management associated with the position.
