13 Oct Where Do CEOs Turn?
As leaders of an organization everyone turns to them for answers, motivation and insight. You look to your boss for guidance. And your boss needs be a leader, not a follower. But where do they turn when they’re looking for advice?
In today’s competitive marketplace with shifting market demands and financial pressure, the obstacles amplify when attempting to take your business to the next level. You want to elevate your results while building corporate value, but you are uncertain of the exact strategies and action plans that will prove to be most fruitful.
Most top executives might feel like they’ve got to go it alone, but I don’t think that’s the case at all. I think they need to lean on business coaches and strategic advisors. The challenge is that they don’t want to appear weak. They don’t want to appear that they don’t have all the answers. They don’t want to ask the board for additional resources or assistance. So what happens?
They don’t reach out to get the help that they need to grow their company. Strategic business advisors can assists companies in growing their businesses more quickly and strategically than they could by themselves. They can be a great sounding board that can offer a different perspective. They can bring expertise in areas that the company lacks or has limited expertise in.
What does this mean to your business? Strategic advisors can assist you in elevating your results. Creating new opportunities, executable strategies, and delivering results creates an environment that promotes continual growth and business value for your company.
They add value through offering strategic advice specific to your company. They have years of experience and have been in your situation and position. These individuals possess in-depth knowledge of your complex product and service offerings, the nuances of your market segment, and the challenges of your product roadmap and lifecycle. They deliver customized differentiation in the marketplace for your organization while producing measurable results.
What this means for your business is that you get customized programs from accomplished executives who offer proven results-oriented solutions specifically created to take your organization to the next level, quicker and more strategically than you could on your own.
So, why aren’t more of these strategic advisors being used? They actually are being used but you don’t know it. The CEO isn’t telling you who he’s talking to all the time. And if he’s not talking to anyone, he is truly putting his company at a competitive disadvantage. The current mortgage market is too tough to go it completely alone. It just doesn’t work anymore. Gone are the days when one executive alone can conquer the world. And let’s face it, we all want to conquer the world and be successful.
The key to making a relationship with a strategic advisor or coach work is that the CEO has to have confidence in their ability. They can’t be defensive or closed to new ideas. That kind of thinking will only hinder their company from growing. They have to know what’s best for their company’s future success. Once they have an open mind, they can benefit by reaching out to a strategic advisor and focus on what’s best for their business. Isn’t that what’s in everyone’s best interest?