This can save you from heartache and save your new company significant avoided costs in the long term. The example of George could have been easily mitigated with minimal effort. Without a plan, not only will you, the CEO, struggle to settle, your family may as well. When you’re making a major transition to a new location, asking for assistance for your family is a wise move. He indicated that if their family had been helped in settling (finding schools, employment, and sports teams), they likely would have decided to stay. Not only did the company lose out on his expertise, but the organization’s succession planning also was thwarted and the personal toll on the executive and his family was extensive. In an extensive exit interview, the executive disclosed his frustration and disappointment in the outcome of this major move. The children were struggling in school and his wife could not find suitable employment in the new city. Less than 16 months later, they returned east. George and his family, including his spouse and three children ages 12, 13 and 17 made the move several states west. Highly qualified and deeply experienced, he was sought after by a national executive search firm. George moved from another state to assume a senior executive role in an energy company in the west. He suggests defining a learning agenda, which is a systematic learning process-a virtuous cycle of information gathering, analyzing, hypothesizing, and testing (p.50). In his popular book “The First 90 Days on the Job-Proven Strategies for Getting up to Speed Faster and Smarter” by Michael Watkins, he recommends preparing for the new role before stepping onto the company’s grounds. The 90-day planning process helps to set the stage for a successful transition. By creating this asset for yourself before you begin your new role, you will increase the chances of achieving your goals with clarity and confidence. The onboarding process is often geared toward the benefit of the company. The outgoing CEO, the chief human resources officer, and the board should all have roles in helping the newcomer navigate company culture and politics."īut that’s for the benefit of the organization. Meanwhile, boards and key executives fail to grasp the complex nature of CEO succession or set one-dimensional expectations of the new leader.Ī comprehensive succession process begins when a candidate accepts the position and lasts for several months after his or her arrival. "Newcomers (new CEOs) misread the political situation or overestimate the organization’s willingness to abandon old behaviors. In the Harvard Business Review article, After the Handshake by Dan Ciampa, one-third to one-half of new CEOs, whether they're hired from outside or internally, fail within their first 18 months. Both your board and your team will appreciate your thoughtfulness and planning prowess, while you simultaneously raise your visibility and strengthen your personal brand as an astute business leader. It will also eliminate the last-minute scramble to pull your quarterly reporting numbers together. It’s a valuable tool to keep you and your team on track. The plan is sure to keep you and your team on track and accountable.Ī 90-day plan helps to document, organize and create an action plan for the next quarter. For your continuous improvement plan at any level: Create the plan and use it in perpetuity.This prowess demonstrates your planning skills as well as your business acumen. The board will certainly be impressed when you present them with your own productivity plan. For your first 90 days on the job as the CEO: The 90-day plan can be used to help you onboard and ramp up faster and it also serves as your training plan.Although you will need to make a few assumptions to complete the plan, the 90-day plan becomes your job interview pitch deck (refer to the PDF download template at the end of this post). What better topic to speak about than your coveted company itself. Most candidates struggle with a proposed topic. Often candidates are asked to deliver a presentation on a topic of their choice. For the executive job interview: Use the plan as a presentation to the hiring committee at your next job interview.Like a Swiss Army Knife, the 90-day plan will help you master the job interview, master your first 90 days on the job, and serve as a continuous performance improvement tool.
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