Introduction to Level 5 of the L&M Pipeline
From Functional Manager to Enterprise Manager
The enterprise manager, or CEO, is on the final rung of the career ladder for managers. This is the most visible position in the company; after all, if the CEO fails, it influences how people perceive the organization.
Navigating This Transition
Future CEOs need to understand that once they ascend to this level, they're responsible for a number of different takeholder groups and organizations, such as the board, financial analysts, investors, partners, the workforce, direct reports, and local communities. Failing any of these groups means a loss of credibility.
By the time that managers reach this stage, they should already have developed many of the leadership skills mentioned in this article. However, there are several ways in which they can develop further. Our article on Level 5 Leadership teaches good leaders how to become great leaders by developing humility.
Often, CEOs, because of their number of responsibilities, have to make good decisions under an incredible amount of pressure. Make sure that potential leaders are familiar with a wide range of decision-making techniques, and know how to think on their feet. Last, risk taking is a given at this level, but future CEOs need the courage to take calculated risks, even when they face opposition from others. This requires character, integrity, decisiveness, and inner strength.
To see an example of the knowledge and skills which should be acquired at Level 5, click below.