Tag Archives: CEO

Empowerment framework for decision making like a CEO

CEO’s and Entrepreneurs who are interested in delegating decisions to their team need to setup a framework for that empowerment so that they feel comfortable with the way decisions are made.

Here are the six questions that CEOs and Entrepreneurs ask themselves when they are making decisions:

  1. Is it good for our customers?
  2. Is it good for our company?
  3. Is it financially responsible?
  4. Is it consistent with our core values and ethical?
  5. Are we okay with the precedent that this decision sets?
  6. Are the key people who are affected by this decision in the loop?

Empowerment

Results-focused CEOs outperform high EI CEOs

Brad Smart, co-author of the book Topgrading, has written a fascinating blog post that references two new studies which seem to somewhat contradict what the HR community has been saying with respect to results-focused CEOs and high emotional intelligence CEOs and the connection to company performance: “University of Chicago researchers studied 225 CEOs assessed with Topgrading methods, and found that CEOs who were extremely results-oriented delivered much better financial results than CEOs high in Emotional Intelligence.”

Apparently the results point to a “disproportionate emphasis” on EI vs results orientation in the hiring process.

The CEOs we’ve worked with over the past 10 years at ViRTUS who have the highest performance and the lowest senior rank turnover consistently show a blend of results focus and strong emotional intelligence (which they are consciously developing).

What has your experience been with your CEO?

Should CEOs blog?

Since I started this blog a number of CEOs and Entrepreneurs have asked me questions about the “how” and the “why” of blogging. A friend of mine, Maria LoScerbo, owns a PR firm in town called EpicPR and she blogged about a Globe and Mail article that was written earlier this year on the pros and cons of CEO blogging that I think answers a lot of those questions: here it is. 

I decided to start blogging as a result of multiple conversations with Mike Jagger, a friend of mine who owns a security company (Provident Security), who has been a prolific blogger for years now.  One of the first things he told me about his blog is that 9/10 of his new customers mention it as one of the reasons they decided to choose Provident.  That’s all I needed to know to finally start blogging.