Today in our country, quite a lot of people are trying to occupy leadership positions. But it is worth noting that this is not an easy task. The management of any company, regardless of the type and scale of activity, should be very serious in choosing a CEO. After all, he will manage the project, carry out financial and strategic planning, as well as make key decisions. Absolutely all organizations go through this. So, for example, after the death of Steve Jobs, his place passed to Tim Cook, or the founder of Uber Travis Kalanik at one time was replaced by Dar Khosrovshahi.
But the candidacy does not always correspond to the expectations assigned to her and copes well with her duties. This is due to the fact that business owners are wrong in choosing a CEO. This article will give some important tips on how to correctly recognize a good specialist who is worthy to lead the company.
When does it become necessary to look for a CEO?
This question worries employees and managers at all levels, because with the new bosses, as a rule, certain changes are always coming. Every world-famous company and corporation passed through it: Apple, Microsoft, Walmart, Ford, Walt Disney, McDonalds and many others. Once the CEO will have to be appointed, the startup, which was developing in an ordinary garage with a capital of only a few hundred dollars.
As official statistics show, about half of enterprises grow to large scale in about three years. Moreover, the vast majority of them work without a CEO. Every year the concept is gradually changing. More and more business owners understand the importance of proper enterprise management, therefore, qualified personnel are attracted to this. They can increase the efficiency of all work processes and create favorable conditions for further development.
1. Set specific expectations
If before, your company already had a CEO, then when looking for a new candidate for this position, always start from specific goals and expectations. Determine what results the previous leader achieved and evaluate whether the new one will be able to surpass them. In order for the company to constantly grow and bring good profits, you must always develop.
In addition, the level of qualification of the CEO is important. Your participation in business management should be minimal. After all, as Steve Jobs once said, people hire professionals to say what needs to be done, and not vice versa. This applies to both internal and external processes. Your intervention due to incompetence can lead to a huge number of problems. The maximum that you must answer for is to act as the face of the brand, but nothing more.
2. Do not underestimate the importance of communication.
As practice shows, this is often neglected by the vast majority of both beginners and experienced entrepreneurs. Sociability is the cornerstone of the successful transfer of a post from one CEO to another. This is because uncertainty is inevitable when the management team changes. It affects not only employees and customers, but also investors and all interested parties. The best way to dispel it is through communication.
The importance of the skill of communication skills is enhanced in difficult times for the organization, which include changes in the management team.The ability to convey plans for future work and development will create a strong relationship with subordinates and motivate them for maximum productivity. The new CEO must not only be able to speak beautifully and competently, but also be open and accessible to subordinates. Therefore, he should always stay in touch and answer any questions that come.
3. Be determined
When a company changes, they create momentum for action. You should not have any doubts, because the changes are already irreversible. To achieve quality results, you must be determined. Therefore, the person selected by you for the position of Director General is simply obliged to have a strong character, the ability to quickly make decisions and be creative in unusual situations. The future of your company depends on this.
4. Cultivate corporate ethics
It can become a starting point for the transfer of control of the founder company to the CEO. Corporate culture will be useful to everyone: you, the senior management and ordinary employees. It allows you to establish interaction and communication between all team members, which positively affects the functioning of the business. The successor to the reign of government will also have to contribute by finding ways to renew, reset, or restore the culture. This transition is based on the need for sociability, honesty and transparency.
Courage and responsibility
These are no less important personal qualities inherent in successful people. Perhaps your startup’s capital is now only a few thousand dollars, but in a few years you can turn it into millions. The conclusion of such transactions requires a lot of courage and responsibility. Without this, it is impossible to make the right decisions, because the signature on one contract can bring huge profits or completely ruin the company.
In addition, the general director should have an understanding of the current state of affairs and a clear strategy. If you have already earned $ 10 million, then the new receiver will take the business to a new level and double or even triple its capitalization.
The ability to quickly take on their role
As soon as the CEO is appointed, he will have to deal with many important issues. He will have no more than three months to evaluate the team, business model and culture, and then immediately begin to take action. The faster this is done, the less painful for the organization the change of manager will take place. Any delay can lead to disastrous consequences.
For example, Chipotle lost a lot of customers and money due to food safety issues. Its founder, Steve Ells, was forced to resign as CEO due to his mistake, which he could not solve. To minimize financial losses, decisive action was required. His successor was Brian Niccol. For a very short period of time he was able to assess the situation and understand what the problem was, after which he developed innovative solutions, the introduction of which allowed the company to rehabilitate.
Conclusion
The appointment of the CEO is one of the most important stages in the life of the company, which should be approached with all seriousness. If you make a mistake, it can jeopardize the existence of the business. The tips described above will help you make the most smooth transition, which will not greatly affect the state of affairs. The main thing is to find a qualified specialist with extensive experience as the general director. The presence of such a specialist in the company guarantees you success. Therefore, do not rush to appoint the first one, but approach this issue very responsibly.