CEO

29th October

The other very important thing about being a CEO is the ability to make decisions: the good ones and also the shitty ones.

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Decision making

The most important thing I have learned about decisions is to always use common sense: if it doesn’t make sense, then it is wrong – all things must be simple. If somebody says that he can’t explain to you why his way is the correct way, but that he is an expert and he KNOWS how things are done, this only means he doesn’t have a clue and that most probably you should fire him :).

Observe and learn everything. Try to be a good active listener. When it comes to decision making, don’t let others influence you with political pressures – they should influence you only with arguments. And don’t let your ego influence your decisions – you are the CEO and you don’t need to show power except when it is really needed. You need to show leadership. Don’t do things that damage the company only for political reasons.

Observe and learn everything. Try to be a good active listener.

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Building an authority

You have 100 days to build your authority. If you miss this window, you will not be able to fix this – the only way to fix this is to actually change all of the people who report to you. Management should be working as a team – one team. The best thing you can do to build authority is to show power when you see alliances: when managers are intentionally not helping other managers and switching to management by excuse (having excuses why they have not achieved something).

You have 100 days to build your authority. If you miss this window, you will not be able to fix this.

Alliances

You should be ruthless regarding alliances – they will destroy the company. Either the managers work out their problems and start helping each other or you fire someone. If you let managers build alliances, it will be difficult for you to build authority, as every alliance will have its own “leader” and you can only be in one alliance (you can also be in none, but then you will not be seen as a leader at all).

And if you miss the 100-day window of opportunity, you will most probably never have authority in this company.

 

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