Almost daily I read well-intended alerts from professional firms offering advice and guidance in navigating the COVID-19 crisis. Each is a little different from the next, usually due to the subject matter expertise of the author but, there is a common thread in all, and it reminds me of a seemingly unrelated lesson learned years ago.
In a casual Monday morning conversation, a colleague shared with me his weekend training at Watkins Glen race track. It wasn’t the high speeds he achieved that got my attention but his explanation of how to regain control of a vehicle that sharply swerves at a high speed and begins to shake. Who’d have thought…you don’t brake, you accelerate!
Not long after that, going 70+ MPH on the thruway, a truck ahead of me threw a tire and it came racing and bouncing straight at me. I swerved hard to get out of its path and my car began to shake uncontrollably. But, remembering the lesson from the racetrack, I didn’t brake; I accelerated and regained control.
COVID-19 is much like that tire. Some enterprises braked when they saw it coming and the shake has since gotten worse. Others accelerated and regained control. Hitting the brakes is intuitive, but times like these require counter intuitive thinking. Fortunately, there are many CEOs and their executive teams who did just that. Early on, they got ahead of it and haven’t looked back. They didn’t think twice about a paradigm shift; they prioritized employee wellbeing and customer commitments above all else and did so with no apologies.
Every day they reevaluate their action plans, altering course as conditions demand. They think logically, decide with compassion and implement with precision. They keep board members well informed of their enterprise’s challenges, and the actions taken to meet them and while they encourage input, they don’t delay decisions waiting for consensus. They are prescriptive in the moment; this is not a time for “what do you think we should do” but a time for “this is what we are doing.” They lead!
A shared characteristic, those who lead worry more about others than themselves. They are first in and last out, virtual in their responsibilities. They provide strength and reassurance to those around them and some think of their role in crisis as their destiny. They are not heroic, they are stoic, and they pay a heavy price.
Who do they turn to for strength? Some turn to peers, some to key advisors and some to board members. And, many stay centered by connecting to their spiritual roots, a connection worth making for all of us as well—in times like these.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
