Article
Executive leadership TEAMS that fly high
The days of the autocratic ‘John Wayne’ leader are on the wane. The business environment has become too complex, uncertain, ambiguous and dynamic for ‘One Great Man’ – however great – to navigate alone. In the post-2008 era, the Chief Executive needs to build and lead an Executive Leadership Team (ELT) with a mix of capabilities and personality types. The team needs ‘sensing’ and ‘intuiting’ skills to steer the organisation through the volatility and lack of visibility of current conditions. While building a high-powered ELT is an appealing concept, the real challenge (as always) is in the implementation. The CEO must choose ELT members carefully and create a high-performing, emotionally intelligent and integrated team that can self-correct when drifting from True North. Building an ELT from an existing senior management group is difficult, if not impossible. Incumbent managers have their own turf and silos to protect; they often come with rigid attitudes, behaviours and ‘history’. Thus CEOs in the post-2008 era may need to start from scratch, choosing ELT members (in conjunction with their Chair and Board), who have appropriate knowledge, skills, depth and breadth of experience, along with the emotional intelligence needed to be great role models. Leadership skills – being able to effectively communicate the way forward (strategic vision), act as a ‘values champion’ and lead change – are much more important than skills as a competent operational performer. The CEO, in the post-2008 paradigm, is more the ‘First Amongst Equals’ than the ‘One Great Man’ characteristic of the past. According to Jim Collins, in his book Good to Great (2001), companies that achieved superior financial returns (4 – 18 times greater than the general stock market over 15 years) appointed their CEOs from within. In contrast, their competitors generally head-hunted CEOs from outside the company; these CEOs chose weak successors or set their successors up for failure. Cont’d over
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Execution : the discipline of getting things done | New and Update Edition | en |