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We have interacted with thousands of people in the corporate environment, across 67 countries. During our Training / Life Coaching, when it comes to career dreams they all want to be on the top of the ladder. The answer is always YES to the question – Do you want to be a CEO?
Young hopefuls on the first rung of the corporate ladder, look at the CEO with envy, at their fancy car, penthouse office, luxurious travel, the power, the status, etc. etc. The dream is farfetched and long haul, but it does deter them to strive towards it.
The façade of CEO-ship is indeed glitzy and glamorous, but what goes on behind the curtain is a different ball game, altogether. In modern times, specially, the role of a CEO has become more dynamic and complex. After discussions and coaching sessions with a multitude of CEOs, we have compiled an extensive report. The excerpts of some of the dilemmas of CEO-ship are being shared with you. So, let us explore the exciting yet turbulent lives of CEOs.
Job Security: The person that is responsible for the jobs of many is not secure in his own job. Even if he/she is the founder of the organization, does not ensure that he will hold the seat forever. We have examples of Steve Jobs, Jerry Yang, Andrew Mason and so many more. A vast majority of CEOs never cross the 3-year mark!
Redefining / Building the Business: It is expected of a CEO to further expand the business and increase shareholder value. Even with billion dollar empires there’s always a next level. The pressure are insurmountable.
The Board is like an Ex Wife: After years of enduring bad managers, a CEO is thrown amidst a group of hostiles that pounce on every decision or suggestion. The CEO has to become an expert of psychology, diplomacy and warfare.
Driving Direction: Getting the entire organization to be focused on one direction. Changing pre-existing culture and injecting new energy and drive. ‘I’m only one person, how can I drive all the employees to give their full potential?’
Lonely Journey: The journey up the corporate ladder is a lonely one. The feeling that nobody thinks like them can be very isolating. Tough and unpopular decisions can further alienate them from people. The burden of confidentiality, further limits social discussions. According to Harvard Business Review 70% of the CEOs reported isolation and loneliness.
Me Time Non-Existent: The life of a CEO is an orbital voyage around meetings, appointments, conferences and engagements. The CEO works harder than any other employee in the organization. At a daily work schedule of 15 – 18 hours, there isn’t much time left to do anything but sleep!
Are you still aspiring for the top position? Does being a CEO still fascinate you? Are you equipped to take up the role of the fall guy?
Our trip into the life of a CEO continues next month…….