I just read two very good articles on roles and responsibilities of a management team.
A CEO does only three things:
- Sets the overall vision and strategy of the company and communicates it to all stakeholders.
- Recruits, hires, and retains the very best talent for the company.
- Makes sure there is always enough cash in the bank.
Source: What A CEO Does
- Create an environment for success: Do people like to come to work every day? When they get there, do they know what theyâ€™re supposed to do, and how it connects to the companyâ€™s mission? Are people learning and growing? Are you building an enduring organization beyond you as a leader?
- Nip problems in the bud, or prevent them entirely: Are you spending enough time thinking about your businessâ€™s vulnerabilities? Do you go into a dark cave of paranoia once in a while and make sure youâ€™re cognizant of all the main potential threats to your livelihood? What can you do to spot smoke as an early warning detection of fire?
- Exploit big opportunities: Do you know the top 5 things that will make your company successful? Are you constantly on the lookout for signs that itâ€™s time to invest more heavily in them? Are you nimble enough to make those investments when the time is rightâ€¦and have you developed the intellectual or infrastructural underpinnings to make those investments matter?
These posts reminded me of the two main leadership roles I try to do everyday:
- Strategic role: set the context.
- Tactic role: remove obstacles.