Blog Articles
The differences in the roles of Chairman and Chief Executive
The roles of Chairman and Chief Executive are essential to any company but unfortunately they can get confused. Lack of clarity can lead to all sorts of difficulties. Not only can it cause relationship problems between the non executive directors and the executives, it can lead to all sorts of problems that can have a […]
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The roles of Chairman and Chief Executive are essential to any company but unfortunately they can get confused. Lack of clarity can lead to all sorts of difficulties. Not only can it cause relationship problems between the non executive directors and the executives, it can lead to all sorts of problems that can have a […]
A Chairman Comparison Table
Michael Tait has been a chairman for numerous years and has worked with some good and bad chairman during his years as a CEO. Michael shares this table of traits that compare good chairmen with poor ones.
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Michael Tait has been a chairman for numerous years and has worked with some good and bad chairman during his years as a CEO. Michael shares this table of traits that compare good chairmen with poor ones.
The Role of The Chairman
Michael Tait shares his views on the role of company chairman.
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Michael Tait shares his views on the role of company chairman.
Managing private equity or venture capital investors is an important art for executives to learn. Executive survival can depend on it.
Mike Tait shares some aspects of his approach to keeping investors engaged and onside….
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Mike Tait shares some aspects of his approach to keeping investors engaged and onside….
Why is it so many companies are without a formal business plan? It’s a critical roadmap for the business. Mike Tait outlines its importance and the content that works well for him.
So many of the companies I’ve taken on don’t have an ongoing business plan. They may have had one once, possibly when they took on external investors or other refinancing, but have since drifted away from having a proper plan that sets out exactly how the business will be taken forward. It amazes me that external investors such as private equity firms allow this situation. What I can tell you is that every single troubled company I have taken on has been without a current business plan.
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So many of the companies I’ve taken on don’t have an ongoing business plan. They may have had one once, possibly when they took on external investors or other refinancing, but have since drifted away from having a proper plan that sets out exactly how the business will be taken forward. It amazes me that external investors such as private equity firms allow this situation. What I can tell you is that every single troubled company I have taken on has been without a current business plan.
Business forecasting is a critical function but many directors are guilty of consistently missing their own forecasts. Mike Tait shares some views about forecasting.
The numerous company turnarounds I’ve led have had a number of problems in common but the one that seems always present is management consistently missing their own forecasts.
Forecasting is no easy subject but its management’s responsibility to do it and mostly get it right. If you frequently or consistently miss your own forecasts it sends loud signals to your investors that you’re not on top of things. There is nothing more politically dangerous than nervous investors that have lost confidence.
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The numerous company turnarounds I’ve led have had a number of problems in common but the one that seems always present is management consistently missing their own forecasts.
Forecasting is no easy subject but its management’s responsibility to do it and mostly get it right. If you frequently or consistently miss your own forecasts it sends loud signals to your investors that you’re not on top of things. There is nothing more politically dangerous than nervous investors that have lost confidence.
Company Turnarounds
Mike’s presentation shows how a coaching and mentoring style works well in company turnaround situations.
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Mike’s presentation shows how a coaching and mentoring style works well in company turnaround situations.
Chief executives should seek help early, and not wait until breaking point
Chief Executives won’t normally seek mentoring help until they are under heavy pressure and feeling vulnerable, at which time it could be too late.
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Chief Executives won’t normally seek mentoring help until they are under heavy pressure and feeling vulnerable, at which time it could be too late.
A good mentor directs questions and conversations that force pinpoint focus and vigorous debate on key issues
Business leaders operate in a fast changing environment these days with rapidly changing markets, technologies and legal responsibilities. The CEO carries the onerous responsibility for the delivery of company performance and investor returns against a tidal wave of challenges and pressures. Those of us that have been there know how lonely it can be.
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Business leaders operate in a fast changing environment these days with rapidly changing markets, technologies and legal responsibilities. The CEO carries the onerous responsibility for the delivery of company performance and investor returns against a tidal wave of challenges and pressures. Those of us that have been there know how lonely it can be.
Coaching and mentoring to create a great working environment
Managing doesn’t just consist of processes, issues and actions without due care and consideration to the human side of things. Read Michael Tait’s tips for being a good coach and mentor for directors and chief executives.
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Managing doesn’t just consist of processes, issues and actions without due care and consideration to the human side of things. Read Michael Tait’s tips for being a good coach and mentor for directors and chief executives.