Job Evaluation Of CEO
Understanding CEO's job description is an excellent first step towards doing this job well. But if you want to know how to do it, you need CEO to design your own evaluation system. Unlike those laborious lower level jobs, no one will tell the CEO how his work is done. Will managers let him know that he is weakening managers? Right Making useless decisions or ineffective communication? That's not possible. Even when a CEO asks for honest feedback, there is also the fear that unflattering feedback may lead to a career that is too promising. Even when a company conducts a full range of feedback actions, even if CEO does nothing in this respect, no one will impose punishment on him. Boards of directors should be able to supervise the work of CEO, but they can not assess their daily work. Most of the time, they can assess his performance, but mainly refer to stock price and company strategic arrangement. They are almost not interested in CEO's daily behavior (or they are not qualified to suggest anything). But CEO's daily behavior is closely related to the success or failure of the enterprise. Because they can't assess, CEO will not change.
In fact, that loose assessment is easy for CEO to pass and feel confident, even when they should not get it.
Good feedback is the only way to know what to do, but stock prices do not need to be done.
Using external scale to measure a company can not connect every move of CEO.
Low price means her job.
disadvantage
It can't help him to point out anything.
By assessing his performance based on his duties, CEO can learn to do his job better.
As stated in the first part, CEO's job is to establish enterprise's strategy and vision, establish enterprise culture, lead the top management team and allocate funds.
This last item is easy to measure.
The first three are more of a challenge.
So how does CEO know that what he has done is in line with the long-term interests of the enterprise? This is very difficult. Only the goal is not enough, and the important thing is to convey this goal.
When you know this goal, they will know how to put their own.
daily
Work is associated with this goal.
If we can not link everyone's efforts to the future of the enterprise, then CEO's communication work is failing, or he failed to help his managers pform this goal into practical work.
CEO can help them to link their specific work with the long-term goals of the company by listening to their staff's opinions and asking questions frequently, so that they can assess their work success or failure.
The establishment of corporate culture is very subtle. The corporate culture seen by CEO is very different from those seen by grass-roots people.
For example, a company has a facility management policy, that is, all equipment should be placed within 450 feet from the top management office to ensure high order of work.
The top managers think that the company is running smoothly, but the grass-roots people see oversight and carelessness.
A public opinion poll on openness, values and employee morale can be used to assess corporate culture.
Of course, the question can't be just like space science.
This book breaks all the rules first. In order to assess the overall corporate culture, many problems have been designed. They can also be used to check the progress of work.
When 95% employees do not wait for work, this is a good thing.
If there are very few people who resigned from the company and the company can attract senior talents with below market salaries, you can make sure that corporate culture plays an important role.
If people leave the company, especially your senior staff, you should also check your corporate culture.
Don't underestimate the strength of being close to your employees and smiling.
If people are happy, they will show it.
CEO's success in team building is usually measured by the performance of the team.
Each member of the team usually knows when they are efficient. They can also evaluate their team by evaluating specific behaviors. For example, "I believe our team" "we can finish them on time", "every member knows what you expect from them", and a team self-assessment regularly helps CEO track the team's work process and hone its ability to keep the team running smoothly.
The most easily assessed CEO's responsibility is the ability to allocate funds. In fact, financial assessment is done by the public. It depends on profits and stock prices.
But how does a CEO relate these responsibilities to his actual decisions?
Working with his CEO, CEO will be able to design financial measures that are appropriate for the company.
Sometimes, some traditional measures are most appropriate, such as value added or asset return.
Many times, CEO wants to design an assessment of business segmentation, for example, for a company that attaches importance to training employees, they want to know the effectiveness of training funds. By monitoring several such assessments, a CEO can combine its budgetary decisions with the company's effectiveness, and ultimately CEO should be able to create higher value than investment. Otherwise, he should consider when to return funds to shareholders so that they can invest money in a more profitable industry. In the start-up stage, there is little or no profit. Stock price is more closely related to sales ability and long-term goal than profit, so CEO can hardly get any favorable feedback on the allocation of funds. He did not know whether to spend more money to buy more copiers than luxury ones, which would be wasteful or conducive to future development. Paying attention to the design and tracking of financial measures can help pform the company into a profitable company.
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