Thursday, September 19, 2013

Five Temptations of a CEO – V : The Fifth Temptation




Am getting there.....the last chapter !

The 5th Temptation of CEO

The CEOs who resist the temptation to protect their status of being popular with their direct reports, to make correct decisions and to create harmony sometimes fail because even if they are willing to cultivate productive conflict, their people may not be willing to do so. Why not ? Because the CEO gives in to the final temptation : The desire for invulnerability.

Self Analysis

Some questions that will help identify your susceptibility to this temptation. ‘Choosing invulnerability over trust’...ye mighty & despair !!

1.     Do you have a hard time admitting when you are wrong ?
2.   Do you fear that your direct reports want your job ?
3.   Do you try to keep your greatest weaknesses secret from your direct reports?

CEOs are relatively powerful people. Being vulnerable with their peers and reports is not a comfortable idea. No one loves admitting being wrong, but some people hate it. They mistakenly believe that they lose credibility if their people feel too comfortable challenging their ideas.

No matter how much these CEOs encourage productive conflict their people do not feel safe to enter the fray. As a result the reports position themselves around the inferred opinion of the CEO and conflict with one another only when it is politically expedient.

Great CEOs don’t lose face in the slightest when they are wrong and admit it, because they know who they are, they know why they are the CEO, and they realise that the organisation’s results, not the appearance of being smart, are their ultimate measure f success. They know the best way to get results is to put their weaknesses on table and invite people to help them minimise those weaknesses.

CEOs who understand this concept intellectually but cannot behaviouralise it sometimes symbolically admit mistakes and weaknesses. This proves counter-productive as it reinforces the notion that the CEO is unwilling to put real weaknesses on table. Overcoming this temptation requires a degree of fear and pain that many CEOs are unwilling to tolerate.

Simple Advice for the CEOs

As a CEO, the greatest level of trust that you can give – actively encourage your people to challenge your ideas, i.e. trust them with your reputation and ego. They will return it with respect and honesty, and a desire to be vulnerable amongst peers !

CEOs who focus on results more than status, accountability more than popularity, clarity more than certainty, productive conflict more than harmony, and trust more than invulnerability can still fail, but only if they are thwarted by competitive and market pressures that are largely out of their control !!



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