CEO Time Allocation as a gateway to improve Company Performance
Many CEOs ask and look for the “perfect or ideal” job description for them. True, this is important, but more important is how they actually spend their time. How CEOs spend their time is crucial for a firm’s success; however, unlike most managers who are expected to justify their schedules to their superiors, CEOs do not; yet, strict discipline and control of this “scarce resource” has been rarely seen despite it being a key factor behind the success of many top-performing CEOs. In fact, a comprehensive CEO study involving over 700 Chief Execs suggests that “the clearest differentiation between exceptional CEOs and regular CEOs is how they use their superior time allocation skills as a significant competitive weapon”.