The CEO Edge
Issue 18
05/11
Stay focused on overall results, not individual rescue missions

As a leader, it's not unusual to inherit less-than-stellar performers when you take on a new organization. And if on top of the poor results, that individual is also going through personal difficulties, well, what then?

 

It's natural to want to help someone going through a tough time and, as a new CEO, there could be some strategic merit in being seen as supportive of a long-term employee who has hit a bad patch.

 

But as the leader of the organization, you are responsible for the well-being of all the organization's stakeholders. Permitting below-par performance is bound to hurt morale, never mind the bottom line. And if you spend too much time rescuing instead of developing A-players, you're missing a major opportunity to accelerate results.

 

It takes about 90 days to determine if someone is fit for his or her role. By developing desired outcomes for the end of a 90-day period and helping the individual form a plan to achieve those objectives, a leader will be able to identify those who have the right combination of competence and enthusiasm.

 

During the 90 days, meet with the person for 30 minutes a week, either by phone or in person. During the meeting, provide feedback, coaching, mentoring and guidance, while also assessing the person's ability to execute against his or her plan.

 

At the same time, identify individual strengths and weaknesses in the executive team. Poor performance in one role doesn't necessarily imply the executive won't do well elsewhere in the organization.

 

At the end of three months, you will be in a position to do one of three things: continue to support and develop a top performer, find another role for a potentially great employee or help the individual exit the company.

 

Read more...  


Additional Reading:Winning by Jack Welch. Written with Welch's wife, a onetime editor of the Harvard Business Review, the book delivers a brilliant career's worth of consistently astute (and often iconoclastic) business wisdom and knowledge from the man Fortune magazine called "the manager of the century." Welch knows what he's talking about, and here offers an admirably concise primer on how to do business that's a paragon of tough common sense.

CEO and Executive Forum News
This month, our educational focus is based on a survey of the 100 CEOs in our peer learning groups across Canada: The top 10 CEO challenges and how to overcome them.

 

Want to be a part of it all? If you are a CEO or executive (CFO, COO, CIO or VP Sales, Marketing or Human Resources), contact Nancy or click here for more information. 

 

Book Cover 

   

The Talent Advantage: How to Attract and Retain the Best and the Brightest  gives you real life strategies to get the most out of your people.

 

Mackay&Associates

Helping CEOs improve individual and organizational performance

What's new with Nancy

 

New CEO Forum to be launched 


On June 22, we are launching our newest Vancouver-based CEO forum.

CEO and executive forums are giving others the strategic edge. Perhaps you should join us.

 

TIGER 21

We had a successful launch of the first ever Canadian chapter of TIGER 21.

 

TIGER 21 is the leading peer-to-peer learning group for high-net-wealth investors.

Upcoming events

Our next CEO Dinner Series will be held on June 23 at the Vancouver Club.

Upcoming speaking engagements

I have a number of speaking engagements on The Talent Advantage

lined up in the coming weeks including:

 

Telus
 

Engineered Air


Pratt & Whitney
 

International Association of Business Communicators 

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