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Work-life Balance is an Illusion
By
Mary Key, Ph.D.
In our book, CEO Road Rules: Right Focus, Right People, Right Execution, we interviewed over 50 CEOs of primarily privately companies. What we discovered was that for many, building a company together with a team of people was mentioned as one of the greatest fulfillments of being at the helm. The price that some pay in the form of illness, divorce, estrangement from children and other catastrophic events can be significant unless you learn to apply the best practices from growing a business to your personal life as well.
The success patterns we observed in our interviews and in our work with entrepreneurs and mid-size companies fall into three broad areas: Right Focus (having a clear and concise mission, vision and values along with knowing what you can be best at); Right People (attracting and retaining talented and emotionally intelligent people and providing them coaching and rewards along the way); and Right Execution (defining key result areas and measures, implementing your plan and "living the values" while holding everyone, including the CEO, accountable for results). Where does this fit into a work-life plan, especially for those who don't run their own companies?
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