Preparing CEOs for Success

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ISBN: 9780692007907 | 0692007903
Cover: Paperback
Copyright: 5/1/2010

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Here are the true experts on becoming a successful CEO-the men and women who have actually done it! Here, in their own voices, more than two-dozen CEOs from top global companies tell you "What I Wish I Knew" prior to taking the top job. They reveal what future CEOs-and leaders at all levels-need to do to prepare for and navigate tomorrow's leadership challenges.

Foreword	p. ix
How did this Book Come About?	p. x
What we Discovered	p. 1
What Led to the Study?	p. 2
Who Participated: Profiles in Courage	p. 4
The Big Eight Themes	p. 5
Tenacity, Patience, and Judgment Required for Decision-Making	p. 6
Unique Challenges Posed by the Leadership Team You Inherit	p. 8
Prioritization Takes on a Whole New Meaning	p. 12
Developing a Trusting Relationship with Your Board Is Essential	p. 14
Transitioning Well Matters	p. 17
Unending Governance Challenges	p. 20
Public Scrutiny: No Private Life	p. 22
Isolation of the Job	p. 24
Summary	p. 26
The CEO Prerequisites	p. 27
Personal Qualities and Attributes	p. 29
Integrity	p. 30
Courage	p. 31
Intellectual Curiosity and Continuous Learning	p. 33
Resilience	p. 35
Self-Awareness and Humility	p. 37
Dispassionate Compassion	p. 39
Summary	p. 40
Career Experiences	p. 41
Living and Working Outside the U.S.	p. 42
Running a Standalone P&L	p. 44
Having Strong Foundational Competence, Especially Strategy	p. 45
Leading Frontline Operations	p. 46
Having Experience in All Aspects of the Business	p. 47
Working with Different Constituencies	p. 48
Sitting on Other Boards	p. 50
Learning Through People	p. 51
Learning Through Crises	p. 52
Summary	p. 53
Management Practices I Have Learned	p. 54
Engage and Motivate Others Without Relying on Financial Rewards or Threats	p. 55
Let Go of Things I Used to Do Well	p. 56
Be Clear About the Behaviors and Competencies I Want to See in Others-and Serve as a Role Model	p. 57
Be Clear and Relentless About Our Direction	p. 59
Provide Others with Timely Feedback and Acknowledgment	p. 61
Encourage Divergent Opinions	p. 63
Assess and Act on Competency and Performance Issues	p. 64
Use Candor in Communications	p. 66
Collaborate	p. 67
Summary	p. 68
The CEO Handbook	p. 69
Preparing Well for the Job	p. 70
Study Highlights	p. 71
Detailed Findings	p. 76
International Experience	p. 76
Board Exposure and Experience	p. 78
Running a Business	p. 80
Mentoring from Boss and/or Coach	p. 81
Functional Experience and/or Business Rotations	p. 83
Use of Leadership Development Resources and Experiences	p. 84
Recommendations	p. 85
The Handoff from the Previous Chairman/CEO	p. 92
Study Highlights	p. 92
Detailed Findings	p. 93
Changing Market and External Environment	p. 93
Challenges from Inside	p. 93
Interpersonal/Relationship Dynamics in the Handoff	p. 96
What Worked/What I Wish Had Been Different about the Transition	p. 100
Recommendations	p. 103
Leading Your New Team	p. 105
Study Highlights	p. 108
Detailed Findings	p. 110
Selecting the Senior Team	p. 110
Acting on Talent Gaps or Issues	p. 112
Leading Former Peers	p. 114
Leading the Team When Joining as a CEO from the Outside	p. 115
Aligning the Senior Team	p. 117
Developing Leadership Talent	p. 119
Recommendations	p. 121
Working with your Board of Directors	p. 128
Study Highlights	p. 128
Detailed Findings	p. 129
Prior Exposure and Experience Working with the CEO's Board	p. 129
Developing Personal Relationships with Board Members	p. 131
Dynamics with the Board and Impact on CEO/Board Effectiveness	p. 133
Impact on CEOs of Board Members' Increased Accountability	p. 136
Dynamics of Chairman and CEO Roles and Succession of CEO to Chairman	p. 137
Selecting Board Members	p. 138
Board's Involvement in CEO Succession	p. 139
Recommendations	p. 140
Being CEO to the Outside World	p. 144
Study Highlights	p. 145
Detailed Findings	p. 148
Recommended Preparation for Fulfilling the CEO's External Role	p. 148
What It's Like to Deal with External Stakeholders, by Audience	p. 150
Recommendations	p. 153
Combating the Isolation of the Job	p. 156
Study Highlights	p. 158
Detailed Findings	p. 159
People Want Something from Me	p. 159
Dealing with "Stardom"	p. 159
Impact of Communicating as the CEO	p. 160
Compensating for the Lack of Candid Information	p. 162
Advisors	p. 163
Recommendations	p. 166
Managing the Work-Life Imbalance	p. 169
Study Highlights	p. 171
Detailed Findings	p. 173
Staying Connected with Family	p. 173
The Role of the Spouse	p. 175
Coping with the Physical Demands of the Job	p. 176
Personal Choices, Motivations, and Frame of Mind	p. 177
Recommendations	p. 179
Do's and Don'ts for Your Succession	p. 181
Study Highlights	p. 182
Recommendations	p. 183
Ready, Set, Lead!	p. 183
Make Sure You Have Prepared for the Role	p. 183
Identify and Cultivate Your Networks and Advisors	p. 186
Get to Know Your Board	p. 186
Handle the Selection Process with Grace	p. 187
See the World Through the Eyes of a CEO	p. 187
Plan the Transition with Your Predecessor	p. 187
Develop Relationships with Your Senior Team	p. 188
Assess Your Leadership Team	p. 189
Align Your Senior Team	p. 189
Assess the Organization	p. 190
Prepare Your Family for What the Job Will Mean to You and to Them	p. 191
Commit to Your Own Well-Being	p. 191
Participating CEOs	p. 193
The Researchers and Authors	p. 207
Introducing CLG	p. 213
Acknowledgements	p. 214
Leadership Self-Assessment Tool	p. 215
Table of Contents provided by Ingram. All Rights Reserved.

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Preparing CEOs for Success

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