Some of the key takeaways are to always do more than asked, say yes to requests from upper management, observe strong leadership, plan your own career, and invest in people.
Some tips for observing strong leadership include carefully watching how effective leaders manage problems and deal with people, and emulating the methods they use.
Some tips for hiring effective employees include hiring the best candidates, over-investing in strong, qualified workers, and hiring people with integrity, intelligence, and a good work ethic.
Focus Take-Aways
Rating (10 is best)
Overall Applicability Innovation Style Visit our website at www.getAbstract.com to purchase individual abstracts, personal subscriptions or corporate solutions. getAbstract is an Internet based knowledge rating service and publisher of book abstracts. Every week, subscribers are e-mailed a short abstract of a different business book. Each abstract contains an overview of essential ideas from the entire book. Excerpts from this book are reprinted here with the permission of the publisher. The respective copyrights of authors and publishers are acknowledged. All rights reserved. No part of this abstract may be reproduced or transmitted in any form or by any means, electronic, photocopying, or otherwise, without prior written permission of getAbstract Ltd (Switzerland). How to Become CEO The Rules for Rising to the Top of Any Organization by Jeffrey J. Fox Hyperion 1998 162 pages Leadership Strategy Sales & Marketing Corporate Finance Human Resources Technology Production & Logistics Small Business Economics & Politics Industries & Regions Career Development Personal Finance Self Improvement Ideas & Trends All employees, on all levels of any organization, must recognize that the customer keeps the organization in business. Stay out of ofce politics. Dont be a gossip or make unkind remarks about others. Go to work to work. Avoid ofce parties. Dont drink with co-workers. Let those in your organization know that you value them by learning their names and something about their lives. Keep yourself physically t to help you stay mentally alert. Listen carefully to others. Learn how to work hard and think reectively. Always do more than you are asked to do. Always say yes to the requests of upper management. Carefully observe strong, effective leadership and emulate what you learn. Plan your own career; dont expect the personnel department to plan it for you. 8 8 8 8 How to Become CEO Copyright 2001 getAbstract 2 of 5 Review How to Become CEO Writing in succinct and serviceable language, Jeffrey R. Fox presents protable information for anyone aiming for the top of the corporate world. Anyone in the work force, at any level, can use and appreciate his litany of commandments. Applying these suggestions appropriately and sincerely will help you succeed in your personal and professional life. Some of the commandments may surprise you. Many of them will make you reect on what your mother taught you. Frequently, the suggestions challenge and encourage you to make positive life improvements and to enhance your interactions with your colleagues. The authors no-nonsense presentation is an easy read. Each commandment entry is brief and to the point. getAbstract.com recommends this book to those who want to rise to the top, and be appreciated and respected by others in the process. Abstract Career Decisions and Career Moves The Chief Executive Ofcer (CEO) of any organization determines the organizations progress and success. Whether you are just starting to climb the corporate ladder or are already at the top, consider the following commandments. Always take the job that offers the most money If you already have a job, always take the transfers, assignments, and promotions that offer the most money. Your future bonuses and raises will be salary based, so start strong. A high salary makes you visible, so you can demonstrate your abilities. When two employees are considered for the same promotion, almost always the higher-salaried employee will be granted the promotion, regardless of talent or contributions. It is easier for companies to promote the higher paid employee, and the promotion of the higher paid employee conrms the wisdom the management. Human Resources wont plan your career Know what you want. It is your responsibility to develop and modify your plans. Your career growth is your responsibility. You must determine what skills and aptitudes are needed to rise to the top of the company ladder. The human resources department will not plan for you. Get and keep customers In any company, the customer is indeed the king. Everyone on all levels in any corporation should be working to satisfy the customer. Customers can be demanding, ckle, and sometimes harsh. On the other hand, they provide ideas for product improvement, for new products, and for product quality. Every present and future CEO must recognize that in any business, the customer is the king maker, as well as the king. Do not be discouraged by the idea killers Idea killers operate at every level in any corporation. They say, it wont work, weve tried that before, or we cant afford that. Do not be frustrated or give in to their negativism. Be a positive-thinking idea person. Use the idea killers unrelenting negativism as a springboard to make your ideas work better. In business, money is the scoreboard. The more you make, the better youre doing. Simple. To know your cus- tomers is to know your future. When the phone rings, twelve people ought to dive to answer it. How to Become CEO Copyright 2001 getAbstract 3 of 5 Push products, not paper Many modern organizations are caught in the red-tape trap of rules, forms, task forces, and out-dated policies called bureaucratic creep. Use the resources of time, money, people, and facilities in the marketplace, not in lling out forms, writing monthly reports, and reading meeting and trip reports. To improve a company, implement innovative ideas, embrace prudent improvements, and exercise entrepreneurship. Be visible: practice WACADAD Work on projects that make you visible. Teach training classes, work on managements pet projects, present proposals, and speak to the sales force. Dont talk about how good you are at something, show it by your actions. Practice WACADAD (words are cheap and deeds are dear). Few people in an organization actually implement new ideas, so those who do become visible and sought after to produce more ideas. Seek out avenues to make yourself visible and work hard to execute outstanding presentations. When Things Go Wrong Dont hide an elephant Do not try to hide problems, mistakes, or errors. Report any irregularity to administrators and colleagues immediately. The longer you wait, the more severe the problem becomes. A problem can be turned into an opportunity to improve and grow. First, identify and explain the problem, then estimate what damage may have been caused. Suggest viable solutions. Ask for help. Never write a nasty memo Do not write any angry, unkind, cynical, or negative memos. The recipient could become an enemy. In the constant uctuations of business life, this enemy could resurface at any time in the midst of job changes or company changes and affect your raises and promotions. Use your words, time, and energy positively. Never panic or lose your temper Strong leaders do not panic, have tantrums, make accusations, or get angry. These reactions show panic and lack of control. To stay in control, you must rst control yourself. If a colleague makes an accusation or cruel comment, do not respond. Certainly, do not respond in anger, even if your anger is justiable. Train yourself not to panic or get angry. Continually tell yourself to stay calm. If you have ten seconds to respond to a situation, contemplate for nine. Staying Healthy Keep physically t Being t enables you to think better, rest better, and work longer and harder. When you are in top physical condition, your spirits will be higher and you will feel more motivated. You will be more productive and energetic. You will end your day with energy to spare. Dont smoke To be successful in business, it is crucial to think of others and their needs; smoking interferes with this. Smoking is generally offensive to nonsmokers. Smoking during business exchanges exhibits your self-centered interests and tobaccos control over your life. Maintaining Mental Acuity Do something hard and lonely Doing something solitary and difcult will prepare you for the battle of business. Study and read late at night, go for a jog before dawn, read War and Peace, plant a garden. Those who achieve great things have practiced solitary hours of unrewarded labor. Executives reor- ganize companies, eliminate jobs, and excuse the chaos by saying they are two or three levels closer to the customer. Bunk! There are no barriers between anyone in the cor- poration and the customer. People who feel good about them- selves and their jobs will contribute at high levels. Customers are the lifeblood of any company. How to Become CEO Copyright 2001 getAbstract 4 of 5 Think for one hour daily Spend one hour each day, at the same time and place, thinking about your plans, dreams, options, ideas, and goals. Write down your thoughts in a notebook. Do not try to do your planning while you are shaving, driving, or jogging. Dont try to do planning at work, where you could be interrupted. Your Social Life Dont have a drink with the gang Do not go for drinks with others in your company. Getting drunk or tipsy with those in your work shows out of control behavior and weakness. Skip all ofce parties A business is a business; do not mix business life with social life. Do not attend ofce parties or gatherings. Do not criticize parties, just give polite excuses and dont go. Do not attend company picnics if you cannot take your spouse. If you are mandated to attend a company social function, then go, but drink only soda and stay for forty-ve minutes. Make polite excuses and leave. Ofce Strategies Know everybody by name Learn the full names of those with whom you work. Know something about their families and lives. Know what they do in their job and why their job is important to the organization. If you do this in a sincere manner, you will be a successful leader. A good way to exercise this skill is to take visitors (friends, job candidates, and executives) on a tour of the facility. During the tour, introduce them to the workers and tell the visitor why each worker is important to the organization. Always say yes to a senior executives request If a high-level executive asks you to do something, always respond positively. Listen carefully to the request, and then get the job done. Always do more than you are asked, sooner than was requested, and with some innovative, personal touch. Arrive early and leave late Come in 45 minutes early; leave 15 minutes late. Be rst on the job. Arriving early tells those in authority that you like your job and gives you a psychological edge. Dont stay hours after work; this is detrimental to your family and personal life. Arriving early and leaving fteen minutes late conveys the message that you are a hard and loyal worker, but still enables you to have time for your family. Stay out of ofce politics Out of control ofce politics point to an ineffective leader. Do not be sucked into ofce politics. Go to work to work. If someone starts to tell you something but warns, its condential, walk away. Do not gossip; do not say bad things about anyone. Keep a people le From your rst day on the job, keep a notebook, computer le, or address log of the names, numbers and addresses of all the people you meet. Make notes about what they do. If you keep a paper record, use pencil since numbers frequently change. Ask everyone you meet for a business card; they will most likely ask you for yours. Maintain this people le your entire career. Being a Boss Emulate, study, and cherish the great boss Exemplary bosses are uncommon. A great boss is never preachy, harsh or critical. Great bosses are honest, hardworking, smart, Your brain will make you money, but your body car- ries your brain. The better your physical condition, the greater your capacity for pro- ductive, unrelent- ing work. Having ambition to better yourself, to be a contributor, to make a differ- ence, to grow pro- fessionally, to be more successful, or to become CEO of an organization is good. Regularly practice something Spartan and individualistic. Do something that you know very few other people are willing to do. This will give you a feel- ing of toughness, a certain self-elit- ism. It will mentally prepare you for the battle of business. How to Become CEO Copyright 2001 getAbstract 5 of 5 open-minded, fair. A great boss will nd ways to praise people. Observe how these bosses manage problems and deal with people. Practice their methods. Over-invest in people Strong leaders know that people make things happen. When hiring, hire the best. It is better to hire one strong, qualied worker at $60,000 than two average workers at $25,000 each. Give efcient and effective workers praise, freedom, trust, and encouragement. Workers give back what they are given. If you trust and respect them, they will trust and respect you. Hire workers with the three Is integrity, intelligence, and an I can do it attitude. Over-invest in this kind of worker. You will receive a wonderful return on your investment. Stop, look, and listen Strong leaders listen, listen, listen, and think before speaking. They are observant. They dont make snap decisions. Listening is difcult for energetic, aggressive people, but you can learn. Heed body language, so you hear what is not being said. You must be able to interpret what others are saying with their hands, their frowns, and their eyes. Listen to everyone: salesmen, competitors, suppliers, customers, co-workers, colleagues, visitors, and supervisors. Learn to be a good conversationalist. Treat all people as special Treat people as individuals. Outstanding managers make others feel as if they are: asked, not questioned, overpaid not underpaid, measured not monitored, people not personnel, sold on what to do not told, instrumental not instruments, workers not worked, and contributors not costs. Be polite with everyone Use good manners, all the time, with everyone. Be gracious. Never pull rank. Never wear your bosss stripes. Hear your mothers voice in your ear: dont swear, dont put your feet on the furniture, be on time, say please and thank you, introduce people clearly, dont waste other peoples time, return messages, and dont keep people waiting. Dont put your briefcase on a conference table. Treat your ofce, everyone elses ofce, salespeoples cars, and all company belongings as if they were yours. Courtesy is good business. About The Author Jeffrey J. Fox, a graduate of Harvard Business School, is the founder of Fox & Co., Inc., a marketing consulting company. Fox is the winner of Sales and Marketing Management Magazines Outstanding Marketer Award and the National Industrial Distributors Award as the Nations Best Industrial Marketer. Fox has been featured in The Wall Street Journal and Business Marketing. Buzz-Words Bureaucratic creep / Customer is king-maker / Idea killers / Stop, look, listen / WACADAD (Words are cheap and deeds are dear) Learn every- bodys name and know something about them. Coming in forty- ve minutes early and leaving fteen minutes late is an hour a day. Thats two hundred fty hours a year or 31 days. You can get ahead quickly working one extra month a year.