Making Decisions and Committing to Action
Addressing Tough Issues with Peers. Watch a Vistage group help one of its CEO members examine an ongoing conflict with one of his executives that is costing the firm countless hours of wasted time and hundreds of thousands of dollars a year. Being able to get this kind of support and feedback from peers, especially when dealing with difficult issues, is what Vistage is all about.
Managing a Turnaround Though Vistage. This oil services company was spiraling downward, bleeding cash, and losing customers. They brought in a new CEO, put him in the Vistage CEO program and later put their CFO in a Key Executive group. They eventually brought Vistage “Inside” to guide the profesional growth of all their leaders.
Top Concerns of Most CEOs
Finance
- Managing cash flow, capital, and equity
- Managing expenses and the bottom line
- Managing the top line for maximum growth
- Developing the right business plan and strategy
Personnel
- Getting the right people ‘on the bus’
- Delegating and developing the team
- Leading the team toward a single vision
- Communicating with employees and customers
Intangibles
- Getting fresh ideas
- Knowing whom to trust
- Knowing when to take risks
- Holding the team accountable
- Implementing the strategy with full impact
What’s the Hardest Part of Your Job?
- Growing the top line and managing the bottom line.
- Modeling values-based leadership.
- Making effective decisions.
- Recognizing and rewarding great performance.
- Managing change.
- Being able to talk to someone who doesn’t have an agenda.
- Managing expenses, cash flow, capital, and equity.
- Delegating and holding the team accountable.
- Inspiring a shared vision.
- Working with investors, partners, and stockholders.
- Finding breakthrough ideas.
- Understanding my role and knowing how well I am doing.
- Recruiting the right people and building a great team.
- Creating and implementing the best strategy.
- Knowing whom to trust.
- Communicating to employees, customers, and stakeholders.
- Knowing when to take risks.