Who is the Next CEO?

Once upon a time . . .

I heard a small corporate story which I would like to share. This is an interesting and inspiring management story. Once upon a time in a renowned organization an old CEO was to retire and a new, young and dynamic one was to take charge. The outgoing CEO was old, matured and well experienced. The new one was very young and dynamic. While leaving the organization, the old one shared his experiences, expertise, challenges and achievements with the new one. The new incoming CEO asked the old outgoing CEO for some Guru Mantra.

The old one prepared two envelopes for the new one, sealed them and labeled them as ‘Crisis One’ and ‘Crisis Two’. The old one, while handing over the envelops to the new one said, “Whenever you face a critical management crisis for the first time, open the first envelope, and for any other similar and further critical management crisis, open the second envelope, and both these envelopes will help you in any kind of a management crisis, and trust me, this is the testimony of my decades of corporate experience”. The new lad took both the envelops very happily, and they both departed wishing good luck on each other’s journey.

Story

Desiring or Deserving?

Desiring is different from Deserving. Demanding is different from Commanding. All leadership is learning, earning and maturing. I think it comes when we are ready!!

Blame the predecessor and blame the past

Times went on, as time doesn’t wait for anybody. The young CEO faced a very bad management crisis for the first time. The sales were very poor, targets under achieved, market share fallen, and all the people in his team were highly demoralized. The management was very angry on the whole situation. The young and dynamic CEO was in a deep trouble. For the very first time he remembered his old friend and he could also recollect the two envelopes that he had given him while departing.

Be a Catalyst of Change. Be a Change Agent. Be a Team Player. Be a Collaborator. Be a Coach. Be a Leader.

The new guy felt little relieved and thought of taking the help of the first envelope. He opened the first envelope which was sealed and labeled as ‘Crisis One’. The Guru Mantra that was written in the letter was, “Blame the predecessor and blame the whole past”.

Knowledge is power, they say!! Knowledge is like the Time Value of Money. Present knowledge is more valuable than the past knowledge. And future knowledge will be more valuable than the present knowledge. Be a Futurist. Learn from the past. Live in the present. Look into the future and beyond.

  1. RESPONSIBILITY: The freedom is not free. And it comes with a cost called the Responsibility.
  2. ACTION: Action is potent. Inaction is impotent. And leadership means to act wisely.
  3. MANAGEMENT: If you can’t manage yourself, you can’t manage anything.

The new CEO was very happy and quickly thought of implementing the advice. He called a meeting of his entire team, took them in confidence and shared the new winning strategy. They all started blaming the earlier CEO and his team for all the failures.

Implementing the New Strategy

They all blamed the earlier CEO and his team for their faults in planning, forecasting, strategies, and leadership. He now got a chance and he could somehow survive from the worst management crisis. The management of the organization has given him and his team one more opportunity.

  • LEARN, UNLEARN, AND RELEARN. Learning never ends. It begins somewhere in the past. But it never ends. Keep learning. And keep improving.
  • LEARN FROM THE PAST. LIVE IN THE PRESENT. AND LOOK INTO THE FUTURE. We learn from mistakes. Mistake is human. We make mistakes in the past. We improve them in the present. And make mastery for the future.
  • Do not blame. Don’t blame the people and don’t blame the circumstances. Own up and take the responsibility. Leaders lead. They own up things. They take responsibility. Executives execute. Managers manage. Senior managers make strategies. Directors direct. How can a CEO be a Chief Executive Officer? What’s there to execute now? He is a Chief Evolutionary Officer. He is a Chief Enchanting Officer. He is a Chief Energyzing Officer. He is a Chief Entertaining Officer. He is a Chief Enlightening Officer. In his presence things happen. In his presence all his followers say, “WE have done. WE have achieved!!”. He is Catalyst. He is a Change Agent. He is a Coach. In his presence things happen. In his presence creativity takes place. TEAM: Together everyone achieves more!!

Somehow, time runs out fast. Just opening and closing our eyes it has already traveled miles. And we always say, “Time is Gold, don’t fritter it away”. This I think is absolutely true for anybody and in any situation. The honeymoon days are over. How long can you blame the other and the past? The CEO and his team faced another deep and worst ever management crisis. Another deep trouble unfolded.

Guru Mantra: Prepare two similar envelops!! 😂

And this time the management was very unhappy. The management was very angry and annoyed with the new CEO and his entire team. This appeared to be the last chance. Now a days a second chance is always a last chance. The new mantra is, the first chance is enough and there is no second chance. Either perform or perish. Either do or die!! Not having any other option, the CEO opened the second envelope which was sealed and labeled as ‘Crisis Two’. The Guru Mantra that was written in the second letter said, “Prepare two similar envelops for the new incoming CEO”.

Stay updated and stay tuned!!
Latest blog posts and news:

Welcome to latest news and updates. Follow our blog to know the latest news in Business and Finance.

Go there
Change is the biggest challenge!!

I think this is how the whole situation works. The old problems go and the new problems crop up. The old situations disappear and new situations surface. The old solutions become redundant and we have to create and innovate new solutions. The old values go and new values unfold. I think this is the game of life. The life is a great change and challenge, and we all must participate in this change. The change is good and the change is great. Let's all be a part of this great change!!

Avadhoot Dandekar Better Manage Now