There was a time when the post of The CEO for a business organization was kept reserved for one of the founding members of their descendants. However, with the changing times and the growing need for skilled management experts to fill this top post, this trend has become a thing of the past. Over the past several decades, organizations are increasingly opting to hire CEO’s externally to provide the benefit of relevant skills and expertise as well as a fresh perspective to their business. Sadly, there have also been several cases, where these CEO’s have run amok causing much embarrassment and loss of goodwill for the company. This has led the business organizations as well as the headhunters Germany they work with to re-engineer the whole process of hiring CEO’s.
Redefining The Boundaries
In most organizations the responsibility of finalizing the selection of a candidate for the position of CEO lies on the company board. In order to ensure that the board is able to fulfil this responsibility in the right manner, the headhunting firms in Germany have suggested redefining the rules of engagement between the two. This essentially means developing policies and guidelines that will clearly define the relationship of the incoming CEO’s with the board. In addition, these policies should also set up well defined boundaries about the role of the board with respect to that of the new CEO. It is also important to establish these rules before the new CEO’s join office.
Clearly Define The Company Vision
Of the many reasons that might lead a CEO to commit serious blunders, the most common has been their inability to gain a clear understanding of the company vision. Such instances can be avoided by ensuring that the board is able to clearly define the company vision to the new CEO. This is because it is the board, which is responsible for determining the strategic vision for an organization. On the other hand the CEO is responsible for executive this vision in the most efficient manner. That is why it is important to ensure that the board provides it complete help and support to the CEO in understanding the vision. Only by having a clear understanding of the vision can the CEO work towards ensuring its successful fulfilment.
Initiating The Trend Of Exchanging Feedbacks
Most organizations believe that the practice of providing and receiving feedback is relevant only for junior level employees and managers. However, according to the leading German recruitment agencies, this practice is even more significant at the top level positions within an organization. This is because providing and receiving feedback helps the establish a informal channel of communication between the CEO and the board members. This is essential to enable both the parties to put their views and opinions in front of each other in a free and confident manner. This in turn ensures healthy exchange of information while minimizing the chances of CEO making any decisions without informing the board. Hence for companies that still do not practice exchange of feedback between the CEO and the board members, hiring a new professional for this key post is just the right time to start the trend.