This is the 4th in a series of posts based on the April 2009 issue of the Harvard Business Review on navigating in a downturn economy. This post is a review of the article entitled, Who Can Help the CEO? by Phil Terry P. 33)
As one who writes business fables, I have to confess a weakness for these fictionalized case studies in the HBR. This particular one is about a CEO who finds himself behind in his overly aggressive financial projections, his VP of sales has just resigned, and the CEO feels quite isolated and frozen. What to do, what to do? In the context of the story he gets well-wishing advice from his wife and squash partner. Then here’s what 3 outside professionals offer:
1. An IT entrepreneur CEO suggests a peer counseling group.
2. A dean of a Business School suggests the CEO share his weakness with his board and create a culture of valued input.
3. A venture capitalist suggests the CEO get active mentors and ask them for input.
I suggest any CEO looking to get out from under the feeling of being isolated, read this article closely.