From C-Suite to CEO - Alumni - Harvard Business School

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.fullbleed { height:450px!important; } </style> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="container tablet-container mobile-container"></div> <div class="text-block" style="margin:0 auto;xpadding:0px 16px;xborder:1px solid red;"> <div class="container tablet-container mobile-container center"> <div class="eta regular blurb" style="margin-bottom:-.35em;margin-top:-.35em;">Interested in making the transition from C-suite executive to CEO? The path will be different for everyone, however, studies of successful CEOs, case studies of alumni, and feedback from executive search firms lay out what you should consider and various roads to success. </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="text-feature text-feature-container smoke-bg h3-kappa h3-bold2" style="xborder:1px solid red;"> <div class="container tablet-container mobile-container"> <div style="max-width:780px;"> <div class="shim40"></div> <div class="section-header-wrapper " data-wcm-edit-url=""> <h2 class="section-header delta regular inherit-dark-color " data-abbreviated="" data-original="Assessing Your Fit"> <div>Assessing Your Fit</div> </h2> <div class="hr inherit-dark-bg " style="margin-bottom:24px; width:180px; opacity:1; margin-top:8px; "></div> </div> <div class="shim6"></div> <div class="text" style="margin-top:-.35em;">Due to the risk involved in choosing the wrong CEO, companies are placing increased emphasis on assessment as part of the search, and this process is equally important for candidates. Before starting your CEO job search, pause for self-assessment to determine if the CEO role is right for you, and if so, what type of company you would want to lead. </div> <div class="shim40"></div> </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="text-feature text-feature-container h3-kappa h3-bold2" style="xborder:1px solid red;"> <div class="container tablet-container mobile-container"> <div style="max-width:780px;"> <div class="section-header-wrapper " data-wcm-edit-url=""> <h2 class="section-header delta regular inherit-dark-color " data-abbreviated="" data-original="Self- Assessment"> <div>Self- Assessment</div> </h2> <div class="hr inherit-dark-bg " style="margin-bottom:24px; width:180px; opacity:1; margin-top:8px; "></div> </div> <div class="shim6"></div> <div class="text" style="margin-top:-.35em;"> <p>Self-assessment can be a process of reflection as well as utilizing assessment tools. </p> First, ask yourself important questions:<br> <ul> <li>What is most important to me in this next stage of my career?</li> <li>What problems do I enjoy solving?</li> <li>What is my unique value proposition?</li> </ul> <br> <p>Then, utilize assessment tools available through your company, leadership transition firms, or the <a href="https://ceogenome.com/quiz/">CEO Genome Project</a> to provide further clarity on your suitability for a CEO role based on your personality, skills, values, motivators, leadership style, and needs.</p> <p>Keep in mind that the CEO role is not right for everyone, and some who achieve this goal find that the responsibilities are not in line with what they enjoy doing most. Self-assessment coupled with external assessment of the market and the role, can provide that clarity and offer alternative paths forward better suited for your skills and interests. Examples include adding new dimensions to your current role or making a lateral move to another company.</p> </div> </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="text-feature text-feature-container smoke-bg h3-kappa h3-bold2" style="xborder:1px solid red;"> <div class="container tablet-container mobile-container"> <div style="max-width:780px;"> <div class="shim40"></div> <div class="section-header-wrapper " data-wcm-edit-url=""> <h2 class="section-header delta regular inherit-dark-color " data-abbreviated="" data-original="External Assessment"> <div>External Assessment</div> </h2> <div class="hr inherit-dark-bg " style="margin-bottom:24px; width:180px; opacity:1; margin-top:8px; "></div> </div> <div class="shim6"></div> <div class="text" style="margin-top:-.35em;"> <p>To better understand the role of the CEO, speak with CEOs in your existing network about their work. Every CEO role will be different so getting a sense for the day to day in a public company versus a private company, or the differences in company stage and size is helpful. Biographies and LinkedIn profiles of CEOs can also give you a strong sense of their backgrounds as you seek to build your skills.</p> <p>It’s also critical to assess the market. Get to know your industry or sector of interest broadly and deeply, familiarize yourself with the competitive landscape, and develop a point of view outside of your company. With that information, you can build a strong bridge between what you can offer and what the company needs.</p> <p>Utilize Baker Library to find industry overviews and latest news and build your target list of companies. Connect directly with a Baker Librarian for support at <a href="mailto:infoservices@hbs.edu">infoservices@hbs.edu</a> or access <a href="https://www.alumni.hbs.edu/careers/ongoing-learning/baker-library-services/Pages/default.aspx">e-Baker databases.</a></p> </div> <div class="shim40"></div> </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="text-feature text-feature-container h3-kappa h3-bold2" style="xborder:1px solid red;"> <div class="container tablet-container mobile-container"> <div style="max-width:780px;"> <div class="section-header-wrapper " data-wcm-edit-url=""> <h2 class="section-header delta regular inherit-dark-color " data-abbreviated="" data-original="Build Your Skills"> <div>Build Your Skills</div> </h2> <div class="hr inherit-dark-bg " style="margin-bottom:24px; width:180px; opacity:1; margin-top:8px; "></div> </div> <div class="shim6"></div> <div class="text" style="margin-top:-.35em;"> <p> If the CEO role is right for you, the next phase is building your core competencies to position yourself for consideration. Specifically, you will need to demonstrate general management and cross-functional leadership skills and perspective, operating experience (outside of your core function), and success in profit and loss responsibility management. </p> <p> To build these skills consider these paths forward: </p> <h3>Ask, and Ask for More</h3> <p>Be transparent with your current CEO and Board Members about your career goals in order to gain insight into succession planning and obtain more exposure and responsibility.</p> Questions to Ask Your CEO or Board:<br> <ul> <li>I‘ve been with the company in X role for Y years, how am I stacking up against my peers? Would I be considered for the CEO role in the future?</li> <li>I would like to be more involved in XYZ (examples include a merger integration, cross-functional team, liaising with the Board of Directors). Is there an opportunity for me to expand on my responsibilities?</li> <li>Are assessment tools available?</li> <li>Is executive coaching available? </li> </ul> <br> <h3>Go Small to Go Big</h3> <p>A hallmark of those who have been successful in transitioning from C-Suite to CEO is that they have proven their ability to make an outsized impact on a business. To do that outside of your current role you can:</p> <ul> <li>Make a lateral move to a smaller company where you have more opportunity for cross-functional leadership.</li> <li>Taking a lower-level position to build direct experience in a function outside of your expertise.</li> <li>Volunteer to take on the turnaround of a troubled division to prove your impact.</li> </ul> These riskier career moves can pay off large dividends and prove your ability to lead at the highest levels. <br> <br> <h3>Board Experience</h3> <p>A key part of the CEO role is interfacing with the Board of Directors. Seeking out and obtaining a Board role in another company can give you the exposure to Board governance, interactions, and dynamics that will set up for success as a CEO. This is also an excellent opportunity to expand your professional network and deepen your expertise in an industry, sector, company growth stage, etc. </p> <a href="https://www.alumni.hbs.edu/careers/transitions-and-paths/Pages/becoming-a-board-member.aspx">Read more on Becoming a Board Member</a> </div> </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="text-feature text-feature-container smoke-bg h3-kappa h3-bold2" style="xborder:1px solid red;"> <div class="container tablet-container mobile-container"> <div style="max-width:780px;"> <div class="shim40"></div> <div class="section-header-wrapper " data-wcm-edit-url=""> <h2 class="section-header delta regular inherit-dark-color " data-abbreviated="" data-original="Mobilize Your Network"> <div>Mobilize Your Network</div> </h2> <div class="hr inherit-dark-bg " style="margin-bottom:24px; width:180px; opacity:1; margin-top:8px; "></div> </div> <div class="shim6"></div> <div class="text" style="margin-top:-.35em;"> <p>CEO roles will rarely be posted on a job board, instead they are managed by Executive Search Firms. Therefore, networking will be critical to your search.</p> <p> Once you have identified the types of problems you are uniquely suited to solve and the industries or sectors you are most interested in contributing to, create your target list of organizations and do substantial research on each to understand their strategic initiatives and their competition. Then build connections with board members at those companies and with the appropriate Executive Search Firms so they know who you are and how you add value.</p> <p> However, before you immediately reach out to a Partner at an Executive Search Firm or a board member at your target organization, be strategic. </p> <ul> <li> Identify the Executive Search Firms, and the Partners within those firms, who specialize in CEO searches for the types of companies most interesting to you. </li> <li> Inform your friends, classmates, and colleagues at a similar level of your interest in a CEO role and ask that they recommend you if they are contacted by Executive Search Firms. Referrals are the preferred way in. </li> <li> Seek out CEOs, board members, organizational leaders, and investors who could be helpful in your search. Then, develop a strategy to connect with them (through industry meetings, informal networks, LinkedIn, charitable organizations, etc.) </li> <li> Search for fellow alumni in the <a href="https://www.alumni.hbs.edu/community/Pages/directory.aspx">HBS Alumni Directory</a> at Executive Search Firms and alumni with leadership roles at companies of interest. </li> </ul> </div> <div class="shim40"></div> </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> <div class="white-bg big-feature"> <div class="container tablet-container mobile-container"> <div class="section-header-wrapper " data-wcm-edit-url=""> <h2 class="section-header delta regular inherit-dark-color " data-abbreviated="" data-original="From HBR"> <div>From HBR</div> </h2> <div class="hr inherit-dark-bg " style="margin-bottom:24px; width:180px; opacity:1; margin-top:8px; "></div> </div> <div class="shim8"></div> <div class="row tablet-row mobile-row"> <div class="left-column span6 tablet-span6 " data-wcm-edit-url=""> <div class="img-container-16x9" style=""><img class="fluid" src="https://cloudinary.hbs.edu/hbsit/image/upload/s--OaGVHF71--/f_auto,c_fill,g_face:auto,h_360,w_640,/v20200101/73820AE9ADB0F6D17F2B299BCEA94AA7.jpg" alt="" loading="lazy"></div> </div> <div class="feature-column span6 tablet-span6"> <div class="shim20 mobile-visible"></div> <div class="shim10 tablet-visible"></div> <h3 class="beta bold link-title" style="margin-bottom:9px"><a href="https://hbr.org/2017/05/what-sets-successful-ceos-apart">What Sets Successful CEOs Apart </a></h3> </div> <div class="feature-column span5 tablet-span5"> <div class="kappa regular mobile-hidden tablet-hidden" style="margin-top: 7px; margin-bottom:-7px;">The four specific business behaviors of successful CEOs based on a 10-year research study – the CEO Genome Project.</div> <div class="kappa regular desktop-hidden blurb-text" style="margin-top:16px; margin-bottom:-7px">The four specific business behaviors of successful CEOs based on a 10-year research study – the CEO Genome Project.</div> </div> </div> </div> </div> <div> <div class="shim1 mobile-hidden" style="margin-top:40px;margin-bottom:39px;"></div> <div class="shim1 tablet-hidden desktop-hidden" style="margin-top:23px;margin-bottom:22px;"></div> </div> </main> </div>  <div class="clear"></div> </div> <div class="back-to-top"><a href="#" class="icon-back-to-top" aria-label="Scroll back to top of page"></a></div><footer role="contentinfo"> <div class="universal-footer noindex" data-feature="universal-footer"> <div class="color-framework grid-framework type-framework component-framework pattern-framework js-framework responsive-framework"> <div class="black-bg link-controller white universal-footer-v3 responsive-type"> <div class="container tablet-container mobile-container"> <div class="shim48 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