Can You Have More Than One Person in the “Top Job”?
Daily Read – Can You Have More Than One Person in the “Top Job”?
Most companies have one CEO and one CFO, but have you ever considered having more than one? It may sound crazy, but it can work – effectively and efficiently! Here’s how:
- Divide responsibilities. Align each individual with their area of expertise (i.e. Finance, marketing, etc.).
- Communicate regularly on big picture topics. Hold regular meetings (perhaps two a week) and focus on strategy and high level decision making. Discuss everything, and resolve conflicts when they arise to prevent them from escalating.
- Expect conflict. Because each CEO brings a different perspective (and is probable driven and confident) there will be conflict (“some knock-down, drag-out battles”). Focus on resolving these at the frequent meetings and keep and air of fairness and respectfulness.
- Direct employees clearly. To prevent employees from getting mixed messages, make sure the areas of responsibility are divided among the CEO’s (see #1) and that they are clear to the employees.
While the concept of more than one CEO is unique, it brings multiple perspectives, and a broader sense of decisions and how they will impact your business and strategies moving forward.
Read entire article at: http://www.entrepreneur.com/blog/225309