How CEOs Manage Time

Question 1

There is no substitute for Face-to-Face

Question 2

What does it mean to be agenda driven?

Answer 2

1. Use agendas to set goals, timelines, and other initiatives
2. Use agendas to help set and communicate CEOs priorities
3. Routine duties are important

Question 3

Why is spending time with all types of employees important?

Answer 3

Information gathering, reality checks, etc.

Question 4

CEOs must not seem unapproachable or out of touch

Question 5

Structure and culture should align with one another and with firm strategy

Question 6

What are processes and controls and why do firms need them?

Answer 6

Routines to help formulate, implement, and review effectiveness and efficiency of firm strategy and actions

Question 7

CEOs must resist the urge to manage stock price rather than the business

Question 8

CEOs should be mindful of outside activities that are not directly related to the business and how much time is spent on them

Question 9

List the paradoxes of a CEOs job

Answer 9

1. Influence is direct (decision making) and indirect (shaping culture)
2. Must manage internal and external constituencies
3. Must be proactive and reactive
4. Must have leverage (control of resources) and constraints (stakeholders’ power)
5. Have tangible (determining budgets) and symbolic (signaling) roles
6. Have formal power (authority) and need legitimacy (workers’ confidence)