Wartime CEO / Peacetime CEO
With the state of the markets and the public health crisis right now, you have to ask yourself, "Are you a better peacetime CEO or wartime CEO?"
The Wartime CEO has to keep their company alive and their team employed, and will eradicate a speck of dust on a gnat’s ass if it interferes with that focus.
An idea from a post in 2011 by Ben Horowitz, the "Wartime CEO / Peacetime CEO" philosophy was expanded upon in his 2014 book, The Hard Thing About Hard ThingsThe Hard Thing About Hard Things.
Example wartime: Steve Jobs when he was reinstated as CEO of Apple when the company was weeks from bankruptcy.
Example peacetime: Google's rise to prominence and decade of innovation by allowing their employees to spend 20% of their time working on side projects, which led to Gmail, Adsense, and Google Talk.
This time around it's not just a markets crisis, but a public health crisis. Firing people at this point would leave many without healthcare when they need it the most. A lot of unnecessary company fluff will have to be axed no doubt, but the last of that should be firing people.
I personally think I make a better wartime CEO, as I work much better under intense pressure and when every initiative done by the company pushes us towards the same goal.
But the end of all things has drawn near. Therefore be sober-minded and be sober unto prayers.(1 Peter 4:7)
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