What is the significance of the inaugural address of a CEO?

Some examples of real leadership opportunities that can prepare someone for a CEO role include leading a team or a project, taking on a management role, or heading a department. These experiences can help develop the necessary skills such as decision-making, engaging with others, reliability, and adaptability. It's also beneficial to gain in-depth knowledge about the chosen industry and to be noticed for the results achieved. Managing relationships with board of directors can also be a valuable experience.

A CEO can ensure they are adapting boldly to new challenges and scenarios by practicing and gaining experience in the four behaviors associated with success as a CEO: making decisions with speed and conviction; engaging with others in a way that drives results; relentless reliability; and adapting boldly to new challenges and scenarios. They should also be prepared to spend 20% of their time managing the relationship with their board of directors.

A CEO can demonstrate their reliability by making decisions with speed and conviction, engaging with others in a way that drives results, adapting boldly to new challenges and scenarios, and being relentlessly reliable. They should also be prepared to spend 20% of their time managing the relationship with the board of directors. It's also important for a CEO to keep their calendar commitments focused on the important long-term issues.