Having a new CEO join the team is a big deal. It can rattle the leadership team, result in departures and new strategy. This creates anxiety for everyone, because we are all eager to understand the new CEO’s intentions and work style. When a new CEO joins the team, the process looks something like this:
1. Take inventory of the business and people
A new CEO is going to spend a ton of time meeting with employees (if it is a startup, then likely every single employee) to get their perspective on the company, what’s working and what’s not. They will be assembling a constantly growing to-do lists of all areas of the company that need work.
To help get our new CEO up to speed, I just exported all of my team’s status reports from ourfor the last few months and gave him a great set of weekend reading. This gave him true insight into what his newly inherited team was accomplishing (and not accomplishing).
2. Identify quick wins
As the new CEO makes that list, s/he can start finding quick win changes to go after. This might include working with the leadership team to establish clear goals for the next quarter if they don’t yet exist, or changing an employee policy that the team universally dislikes.