Ways CEO's can lead more efficiently and effectively
- 3 Min Read
Here are some effective ways for CEOs to change behaviors that obstruct them from leading their company efficiently and effectively.
A CEO of a business is incredibly important to a business, a great CEO could be the difference between a company succeeding and failing. Although there are such a large number of different ways that these leaders can drive a business in the right direction, the main fundamentals of a CEO that are important are to lead effectively, and in a great way to motivate their staff.
Many CEOs tend to struggle with these challenges of leading efficiently with projects and targets both short- and long-term. As they tend to shape the bigger picture when they start a challenge, however, this tends to be executed in a sporadic way towards the end due to a number of complications.
The Global Leadership Forecast 2018 highlights issues of greatest concern to CEOs; among them is a lack of alignment among senior leaders. The last problem any CEO wants is an inability to get everyone on the same page, aligned and executing their strategy.
Mark E. Green, a speaker, coach to CEOs and author of Activators spoke about how leaders can lead their company efficiently and effectively.
A study initiated by German Researchers found that when the ‘if/when a plan, making sure to state a deadline to accomplish a task by, it could help them change behaviour and become more efficient in their targets. Green says “I’ve worked with many CEOs who were not classically trained in accounting and finance and are overwhelmed by numbers. Such fears drove them to avoid financial information and reports. Making an if/when then statement compels them to change the behaviour.”
Relate and repeat
Relating and repeating can also help to acknowledge a pattern and react to it, Green says “Cultivate relationships with those who can help you see that the change you desire is attainable,” this is extremely beneficial when moving forward onto new challenges and targets.
Know when to say no
Although giving is important as a company leader, it should never get to the point where it damages your own performance. It is important to find the right times to say yes and no, this way you would be able to manage time better and therefore be more efficient. Jon Elvekrog, CEO at 140 proof says:
“That’s where you must be particularly mindful of your business strategy and protective of your resources. Do too many things at once, even if you have the resources, and you can confuse your customers.”
Green says “perfectionism is a waste of time and energy for a CEO.” He references the 80/20 Rule – also known as the Pareto principle, he says “Perfectionism frequently limits our progress and fuels our fears. If you can keep the 80/20 Rule in mind, you can reduce your fears and accomplish more.”
Hold yourself accountable
One way CEOs and entrepreneurs can judge their performance is by asking themselves self-assessment questions daily. It is important for CEO’s to evaluate their own strategies and the importance of their goals. Randy H. Nelson who has a long history of entrepreneurial leadership commented on the importance of accountability, saying “It’s mostly so overlooked as a part of an organization’s dynamic that the CEO may neglect his or her due diligence in implementing and staying true to an accountability system. Holding your employees accountable, as well as yourself is as important as every other role you have as the head of your company.”