TITLE: Making Sure You Do What Should Be Done AUTHOR: Eugene Wallingford DATE: July 22, 2018 9:48 AM DESC: ----- BODY: In an excerpt from The High Growth Handbook, Elad Gil talks with Sam Altman, the president of Y Combinator, about some of the mistakes CEOs make as their companies grow. At one point, Altman says "The role of the CEO is basically to figure out and decide what the company should do and then make sure it does that." The problem is, most CEOs like one part of that assignment more than the other:
The hard part is that most people want to just do the first part, which is figure out what the company should do. In practice, time-wise, I think the job is 5% that and 95% making sure that it happens. And the annoying thing to many CEOs is that the way you make it happen is incredibly repetitive.
From my own experiences, I see how this could be a problem for young executives. I have been an academic department head for over ten years now. Being the CEO of a startup is surely a more difficult job, if only because of the global stability that a university provides around an academic department. But department heads do have to work with faculty and deans to figure out what the department should be doing right now and then work to make sure the department does it. As head, I have encountered the annoyance Altman points out: a lot of what a department head has to do to get the work done is repetitive, often boring, and rarely the kind of disciplinary work that attracted one to academia in the first place. For the first few years, a new head can ride the adrenaline that comes from the excitement of new tasks and new people to work with. After that, it can sometimes feel like a slog. It becomes a small challenge each day to keep the department's larger goal in mind and persevere. That, I think, is pretty similar to the challenge for CEOs that Altman is talking about. Perhaps this problem is simply another form of the gulf between idea and execution that often separates successful entrepreneurs from those who come up short. Figuring out what to do is only valuable if you can make it happen. That happens in the trenches, in mundane activities of the everyday. -----