Flawed Skill Sets of a Strategic CEO / by Kerri
In the area of skill sets struggling strategic CEOs lack, do you experience any of these?
- No time to plan
- Can’t stick to the plan
- Can’t delegate/afraid to delegate
- Stuck in systems and tools that hold you back
- Still using systems and structures you have long outgrown
- Trying to wear all the hats
- No control of financials
- Trying to be the technician and the visionary
- Never enough time for your most important activities
- No time for strategy and planning
- No tracking/monitoring/measuring
- No accountability in the organization
- Poor time management skills
- Mismatch between market needs and company capacity to serve and respond
- Use/misuse/lack of automation or relevant technologies
- Too much operational responsibility to focus on CEO oversight role
- No development of management or grooming of successors
If any of these is a challenge, then you are still working too much in your business. Instead, you need to prioritize working on your business. You need to build up your strategic skill set. These are the core responsibilities you will be responsible for in exit planning.
To take on more strategic responsibilities and help the organization morph into a structure and business model that can grow to fulfill its true potential, you must delegate operational roles, responsibilities, tasks and control. This does not happen overnight. This transition goes hand-in-glove with your exploring your exit goals and exit options.