CEOs AND TEAMS

In a study of 120 senior teams in 11 countries, the Hay Group found that CEOs themselves aren't always clear on the decisions they want a leadership team to resolve versus those they reserve for themselves. The research findings identified six steps that increase the likelihood of a senior team evolving into an efficient and effective unit capable of leveraging its collective expertise to address an enterprise's most important challenges and opportunities.

These are:

  • Deciding you need a team.
  • Creating a compelling purpose for the team.
  • Getting the right people on and the wrong ones off.
  • Giving a team the solid structure it needs to work.
  • Giving it the support it needs to succeed.
  • Coaching the team.

Published in the Hay Group Working Paper, "Top Teams - Why Some Work and Some Don't: Five Things the Best CEOs Do to Create Outstanding Executive Teams."