CEOs often fall into the trap of orchestrating meetings with their Board of Directors to:
- Show how great they are and how well things are going (whether they really are or not!).
- Avoid leaving the meeting with more to do than when it started.
A great deal more value can be derived from working with a board but it takes concerted effort to build, cultivate, prepare for, and work with individual board members and the board as a whole for that potential to be realized. Efforts to build a high-performing board are well-spent.
Boards are not all the same
There are three distinctly different kinds of boards. Leaders often mix-up the three kinds which leads to confusion and poor performance. It is critical for a leader to be clear about what kind of board s/he is working with and to manage it accordingly. Continue reading Board Power!
Learning to Get Help or to work with outsiders is one of the top two factors that account for success in maturing a start-up into a credible organization on track to long term growth and performance according to a plan.
Early stage CEO’s at first often think it is a sign of weakness to need help and when they finally do experiment with getting help they often find it frustrating ultimately because they misuse those they enlist.
It helps to think in terms of five types of outside support:
- Celebrities to draw attention
- Advisers to provide best practices and perspective based on experience
- Peers to provide mutual support and community
- Coaches to provide advice and counsel to increase personal effectiveness
- Governors to provide a consistent point of accountability and help with strategy, focus, and access to resources
Continue reading How to think about and work with outsiders to systematically get help in a way that increases the odds of success.