What Makes an Effective Executive
LISTEN FIRST, SPEAK LAST
Ask “What needs to be done?”
- NOT “What do I want to do?”. Not asking it almost always gurantees wrong decision
- Focus on ONLY one urgent task at a time
- After it is done, re-eval priorities instead of the moving on to the second most urgent
Develop action plans
- Action plan states intention but not commitment. Even if it is written, should expect to revisit and revise often
- Organizations are time-wasters in nature
- Most likely you don’t stick with the original plan, but without planning, you become a prisoner of events. Also need regular check-in to figure out which ones truly matter
Responsible for decision
- A decision must have all stakeholders and their precision roles in the decision
- Also a deadline must be included
- Hiring/promoting is often the most difficult decision. Expect 1/3 success rate, and revisit people decision after 6 months.
- Even if it is a failure, it is the exec’s mistake, not the failed person, BUT this person has to be removed - offer them to go back to the original level
- On weak areas, delegate
Focus on oppurtunities than problems
- How can we exploit this change for the company?
- List and deal with oppurtunities first, problems next
- Put best people on oppurtunities than problems.
Run productive meetings
- Make sure all participants agree on why the meeting is happening
- Don’t sign up for committee meetings
- Don’t brainstorm together. Brainstorm offline, and use meeting to review and eval the ideas. People should feel free to criticize DURING the meeting
- MAKE SURE decide what kind of meeting it will be, each needs different preparation and results
- Preparing statement or announcement: one member comes up with draft before the meeting. At the end of the meeting, a pre-pointed member will distribute the final text
- Annoucement,e.g., org changes: annoucemnet and discussion about it only
- One member reports: nothing but the report should be discussed
- A few member reports: No discussion, or questions for clarification only, or discussion where all participants ask questions. In this case, distribute report before the meeting, and timebox it (e.g., 15 mins)
- Inform the exec: Exec should listen and ask questions, he should sum up but not making the presentaion
- Meeting just to be in exec’s presence: lunch/dinner format ONLY
- Designate someone to take notes in the meeting.
- Sloan’s meeting method
- Annouce the purpose
- Listen and only clarify points
- Sum up what to be included in the memo at the end of each disscussion point or end of meeting
- Immediately followed by an after-meeting memo, which summarized discussions, conclusions, and action items/assignments/deadline. This memo is cced to every participants
- Too many meetings means the responsibility is too decentralized. In a lean org, people should be able to move around without collsion and explaining their work all the time. Otherwise, the org is overstaffed