Background Problems Possible Solutions and Analysis
Case on a fictitious CEO Eliot Robbens ° Heads startup TrakVue ° Ambitious, always wanted to climb corporate ladder ° Workaholic ° Has few confidants Problems Ambitious projections did not materialize Board of Directors perceives him as being a year behind in results VP of sales poached by Competitor for the second time Friend on BoD disassociates himself Feels as if non one understands his situation No success with Executive Coaches * Does not have a formal mentor/coach * Does not take input from others
Problems * Does not admit
fallibility * Overambitious * Stuck in Experience Trap Structured Mentoring program for the CEO Management Coach for CEO to improve learning agility and skills Reverse Mentoring Possible Increase participative management and take Solutions inputs from staff Open communication with BoD Mentoring Program ° Wise Mentoring ° Ex-CEOs with relevant experience ° Mentors who can offer timely, context-specific counsel drawn from experience, wisdom and networks that are highly relevant to the problems to be solved. ° Driven by the mentee ° Open Communication ° Strict confidentiality ° Absolute trust Mentoring Program ° Advantages :- • Improved long term performance • Better decision making capability. • Ability to fulfill required responsibilities • Benefit from Mentor’s Experience and skills ° Disadvantages :- • Improper Matching • Conflict of Interest • CEO may not be open to ideas Management Coach for CEO ° Carry out Business SWOT (Strength, Weakness, Opportunity, Threat) analysis ° Work on Weak Areas ° Assess business aspects like Strategy, People, Work Culture etc ° Realistic Goal Setting ° Evaluate progress using CIPP strategy (Context, Input, Process, Product) ° Trust and strict confidentiality Management Coach for CEO ° Advantages :- • Better problem solving skills • Helps with short term goals/milestones • Come up with sound strategies • Benefit from Coach’s help in execution etc ° Disadvantages :- • Improper Matching • Breach of confidentiality • CEO may not be receptive Reverse Mentoring ° Carry out Personal SWOT analysis ° Assess areas requiring improvement ° Identify suitable mentor ° Realistic Goal Setting ° Measure progress Reverse Mentoring ° Advantages • Empower both established and emerging leaders • closes the knowledge gap for both the Mentor and Mentee. • efficient tool for sharing knowledge, creating engagement, developing leadership and building intergenerational relations based on mutual acceptance. ° Disadvantages • Resistance from top management • Difficulty in matching Mentor and Mentee Thank You