the job of the ceo... and how to get it!
TRANSCRIPT
www.winningatservice.com The job of the CEO...
And how to get it!
Lecture at THE NEW ECONOMIC SCHOOL
Moscow29th May 2012
By Waldemar Schmidt and Katya Rudelson Egon Zehnder
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www.winningatservice.com
Today’s agenda
1-Introduction and background2-Lecture: ”The job of the CEO ....and how to get it!” 3-Debate and Q&A
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We have 2 objectives
1-To inspire you to become great leaders and then
successful CEOs!
2- To get your help with our career book
”From MBA to CEO”
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www.winningatservice.com The job of the CEO....
and how you get it!
1-Introduction and background
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www.winningatservice.com The job of the CEO....
and how to get it!
2-The job of the CEO By Waldemar Schmidt
3-....And how you get it By Christian SprembergPartner Egon Zehnder
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www.winningatservice.com The CEO job
CEO jobs come in many sizes: S/M/L/XL/XXL. You can be a CEO of a:One-man company(S)Local company(S/M/L)Local group(M/L/XL)Business unit(S/M/L)Business segment(M/L)Country(S/M/L)Region(M/L) Global group(M/L/XL/XXL)
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www.winningatservice.com The job of the CEO
Successful CEOs create sustainable shareholder value.The 3 most important and universal things successful CEOs do are:1-Create a vision/strategy 2-Execute 3-Create great teams
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www.winningatservice.com Vision/strategy
Characteristics of a great vision:
1-Top-down/bottom-up process
2-Appeals to all stake holders
3-Deeply rooted in the organization
4-Evergreen
5-Stretched, but realistic objectives
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www.winningatservice.com Execution!
Successful execution is characterized by:
1- Sense of purpose/common vision
2- Everybody knows their roles
3- Team spirit
4- Appropriate incentive programmes
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www.winningatservice.com Building great teams
Successful teams are characterized by:
1- Diversity2- Bosses who hire smart people3- Balance between individual performance and team performance4- Team members who become targets by others5- Consistant high performance
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www.winningatservice.com How do CEOs spend their
time/What do CEOs do?
It depends on:•The size of the job (from S to XXL)•Your personality and style (HQ or operational type)•The situation (business cycle, strategy, etc.)But always includes the right mix of:•Vision/strategy•Execution•Building teamsPS Avoid the “CEO celebrity trap!” 11
www.winningatservice.com The WS leadership matrix
The Charismatic Leader
The Great Leader
The Mediocre Manager
The Effective Manager
Vision
Execution
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www.winningatservice.com Characteristics of a great
leader (1)
Passion for people and very high level of emotional intelligence
Balanced personalitySound judgmentCurious and eager to learnStrong team playerVery high level of energyExcellent communicator with all
stakeholders13
www.winningatservice.com Characteristics of a great
leader (2)
Takes initiatives and takes on responsibilities
Reliable/delivers on promisesInterested in all business functions
and understands what drives the business
Understands the “Big Picture” and “The Details” equally well
Does not complicate. SimplifiesRemoves roadblocksSeems to be very lucky
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www.winningatservice.com Most successful global CEOs
have such early experiences as:
Worked 60-80 hours per week Prioritized work over private life Lived abroad with family learning new language(s)
and culture(s) Taken on responsibility Worked under stressful situations Worked during all types of business cycles Had roles in finance, supply chain, sales, etc. Listened to all stakeholders before making
decisions
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How is it to be a CEO?
It depends:Great leaders: If you know your business well, if you have created a great vision/strategy and if you have built a great team, it is a dream to be a CEO!Bad leaders: If you are a micro manager and a control freak, it is a nightmare not only for yourself….but also for everybody else!
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And now to the second part of the lecture:
”How to get the CEO job!”
By Katya Rudelson Egon Zehnder
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3-Q&A and debate:
Your burning questions?
The floor is yours
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www.winningatservice.com
”The job of the CEO... And how you get it”
Book with the working title:”From MBA to CEO”
Egon Zehnder Internationalwww.egonzehnder.com
Go to: Your career
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