A recent Harvard Business Review CEO survey tracked how CEOs spent their time over a three-month period. As you might guess CEOs have huge demands on their time and use a mix of strategies to manage these. However, they found CEOs could become more effective if they paid more attention to what happens when they aren’t crossing items off their to-do lists and planning ahead. Getting out of the “weeds” is important in every size organization
More time to think- CEOs need more time to reflect, recharge, strategize, and prepare for upcoming events. Many CEOs easily fall into the habit of being reactive not proactive. Time can help them and others in their organizations come up with new ideas and strategies to implement them.
Attend fewer meetings- the higher you climb in the ranks the more meetings you will attend. The surveyed CEOs spent over 70% of their time in meetings. It may help to take stock of the types of meetings attended and pull back from those less strategic ones. Also having a clear agenda and prepared participants will reduce the time by half.
Delegate and move on– great CEOs try to surround themselves with a highly qualified and dedicated team. These CEOs then try to delegate as much as possible to this group. By empowering them you have more time to spend at the strategic level.
Author: Fave Blankenhorn, Executive Coaches of Orange County, www.ECofOC.org