Is the CEO’s role becoming increasingly challenging? Why?
– Maintaining strategic relevance:
It is becoming increasingly difficult to ensure the strategic relevance of the company and to continue to develop the company strategically.
– Dealing with dynamics and trends:
CEOs must deal with the constant changes in mega- and business trends, as well as geopolitical unrest.
– Complexity towards stakeholders:
The increasing complexity towards all stakeholders requires a well-considered approach.
– Own interests of MT members:
Balancing and aligning the own interests of the members of the management team (MT) can be a challenge.
– Internal operational urgencies:
CEOs must also deal with the many internal operational urgencies that arise daily.
Possible solutions for these challenges.
– A strategically stronger and more aligned MT:
Building a solid strategic foundation together with your MT in which the above-mentioned challenges are concretized and prioritized. This foundation is essential for the right vision, mission, strategy and translation to the operation.
– Taking more ownership:
By building the strategic foundation between ambitions, strategy and implementation together with your MT, you create more ownership for the holistic strategic development of the company.
This results in an MT that has significantly more value than the self-interest of the department or business unit, and finds alignment in the what, how, where and when as reinforcement for the translation, in addition to the known KPIs.
– Effective implementation:
An effective implementation and operation because the strategic foundation fills the gap between the ambitions, strategy and implementation. This foundation ensures aligned operational plans and actions for the company as a whole.
CEOs and directors, do you recognize these challenges and solutions? What are your experiences and insights?
Comments can also be sent to: info@pjstrategy.com
