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18 - The Chief Executive Officer – Orchestrating the whole

Published online by Cambridge University Press:  19 August 2009

Preston Bottger
Affiliation:
IMD International, Lausanne
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Summary

[As CEO] you have to choose which broad areas you will focus on at any given moment … Obviously, a variety of altitudes exist within each of these areas. Moving nimbly in and out of these areas and at different altitudes in each is crucial to leadership success, particularly in times of growth and uncertainty.

(CEO, biotechnology company)

The CEO, as the top boss, is ultimately responsible for all the tasks and results surveyed in the chapters to date.

He or she must drive and embody the imperatives of quality, talent and learning, outlined in section 1. He or she is accountable for all the functional decisions covered in section 2 and on how to apportion resources across the functions. He or she must also reconcile the preoccupations of the CXOs with those of the business leaders in operations, where the money is made. It is the CEO who sits on top of the revenue stream and the cost stream.

More generally, the CEO must cater to the needs of the firm's many stakeholders, most notably the shareholders, the customers, the company's top executives and other employees, the board of directors, and suppliers.

These many activities can be grouped into four broad sets of issues on which the CEO must focus:

  • Growth issues;

  • Cost issues;

  • Internal issues; and

  • External issues.

Before examining these in detail, we will consider how the CEO role has become both more complex and more publicly scrutinized over time.

Type
Chapter
Information
Leading in the Top Team
The CXO Challenge
, pp. 348 - 364
Publisher: Cambridge University Press
Print publication year: 2008

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References

Hemp, P., ‘A time for growth’, Harvard Business Review, July/August (2004), pp. 66–74.Google Scholar
Hemp, P., Lyman, P. and Varian, H. R., ‘Managing for the next big thing’, Harvard Business Review, January(2001), pp. 130–9.Google Scholar
McClenahen, J. S., ‘Nokia's Jorma Ollila wants to unwire the world’, Industry Week, 20 November (2000), pp. 38–44.
Stewart, T. A. and O'Brien, L., ‘Transforming an industrial giant’, Harvard Business Review, February (2005), pp. 114–22.Google Scholar
Fryer, B., ‘Leading through rough times’, Harvard Business Review, May (2001), pp. 116–23.Google Scholar
Muoio, A., ‘The truth is, the truth hurts’, Fast Company, April (1998), pp. 93–99.Google Scholar

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