As a CEO, you have ultimate accountability for your company’s performance. Your decisions not only impact profits, but also the culture of the company and the lives of your employees and stakeholders. No one is held to higher scrutiny.
As we head towards 2020, it’s the right time to reexamine the common characteristics of the most successful CEOs and make these a priority for the coming year.
McKinsey recently published a comprehensive study of CEO behaviors based on 25 years of data looking at 7,800 chief executives from 3,500 companies spanning 70 countries.
The list breaks down a CEO’s responsibilities into six key areas, from personal work norms to organizational alignment and team processes. Each category includes an over-arching mindset, such as “do what only the CEO can do,” “manage performance and health,” and “center on the long-term why.” And at the core of the list are 18 simple, but powerful practices that the most successful CEOs follow.
Source: McKinsey and Company
What areas are your strongest? Which ones need more attention? As you look at your goals for 2020, what can you do better to ensure your company’s success?
Start with your corporate strategy and make sure your team is aligned behind your vision. Your success will follow.