The CEO Tightrope: How to Master the Balancing Act of a Successful CEO (Joel Trammell, 2014)

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Briefly identified all the areas a CEO need to focus on and how to be a all area CEO than those commonly-fund-raising-as-their-priority CEOs. Not everything is solution here, suitable for people who are already a CEO to read as many intriguing question to need a thinker to solve. Rated: 8/10
  • Bill Gates: “Success is a lousy teacher, it seduces smart people into thinking they can’t lose”
  • CEO hats
    • The player hat - contributing
    • The coach hat - talent development
    • The architect hat - strategy
    • The engineer hat - operations
    • The learner hat - continuous improvement
    • The priest hat - morale
  • Transparency, communicate the intent downwards
  • How to encourage the team when the company going through a rough patch and how to maintain a big win on your team with relevant boost for the next quarter
  • Be that CEO your employee can discuss problems with and not trying to hide and make things worse
  • Review constantly your strategic initiations, competitive analysis and lessons from customers
  • Budget tyrants (divine creation from infallible god), budget blower (every shiny object draw his attention)
  • How do you manage an unexpected opportunity beyond your budget?
  • Rule of 45: operating margin to exceed 45%
  • Simon Sinek: “great companies don’t hire skilled people and motivate them, they hire already motivated people and inspire them”
  • How to practice impartial for the people you know and how not to let the managers do the dirty jobs by moving people around instead of firing them
  • The decision nexus: to please the customers, employees and shareholders
  • Abraham Lincoln: “nearly all men can stand adversity, but if you want to test a man’s character, give him power”
  • Be a better CEO: learn from experience, attend training program, read, write, meet with wise people, teach, study yourself, gather feedback, seek out mentors, apply your knowledge


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