| Top 10 Chief Executives and Managing Directors Issues |
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An article on one of these issues wil be published regularly. 1. The prime CEO/MD task - what are you doing to achieve your profit target? Occasionally daily company stress and strife takes our eye off the ball. What are the key pointers and tips that will help you achieve profit targets? 2. Managing the interminable triangle: Sales/Marketing Manufacturing/Operations Finance Most CEOs/MDs have an ongoing battle between these three key functional areas. Each one has a different agenda, different needs and different focus. How do you make sure that they contribute effectively whilst still meeting their functional objectives? 3. Identifying business risks - sector trends and patterns. You are the person tasked with keeping the ship afloat. What is the most effective process for keeping on top of events that could dramatically affect your business? These could be across business at large or simply confined within your sector. 4. Senior team performance management - current views on coaching and mentoring Who is the weak link in your chain and what are planning to do about it. Companies invest in people and develop their talent. What role can coaching and mentoring play in bringing people back on track? Can you afford to let things lie? 5. Taking the longer term view - sorting out problems today whilst keeping an eye on the bigger picture Developing your business and seeing the bigger picture is a key part of the CEO/MD role. However this activity can often get lost in the day to day hubris of running a business. Here are some steps you can take to prevent this from happening. 6. Does your organisation triangle look like this ? or this ? ? Why it should matter? This is all about managing downwards or upwards. Is your business structured to optimise the skills and talents of your management team, or are they only there to implement the tasks that are cascaded downwards? How can you optimise the potential of your staff? 7. Can you describe your ethos, culture and style? Most of us have worked for different types of organisations during our careers. Also we have visited other businesses – customers, suppliers and have often been impressed by the culture that other businesses have created. How do you think visitors assess your business? What should be doing to review this and address this? Does your ethos culture and style create a results generating environment for your staff? 8. How you can drive cost out of your business? Looking at company results in the financial press regularly shows that successful businesses constantly drive cost out of their operations? How do they do it and what could you be doing in your business? 9. What are the key factors of successful businesses? To what do the top business leaders attribute their success? Can you adapt some of their methods and techniques in your business? 10. How long can your business survive without you? Succession planning affects us all. However your absence might not be of a permanent nature – you might be planning to return at an agreed time. What contingency plans have you made? How can you best protect the business from your absence? Click here to return to the Chief Executive Practice Area
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