The Third Turn

Dr. Mark L. Vincent's Blog

Peer-based advising. Should you take a pass?

Posted by Mark L. Vincent on Aug 31, 2016 1:00:00 PM
Why do executive leaders take a pass on peer-based advising?
1. They think they do not have the time.
2. They think they can't quantify any ROI.
Executive leaders need to spend at least 30% of their time working on what will next drive top-line revenue and mission fulfillment--in short, development of and action on company vision. If they are not doing so, it becomes difficult to justify the company's expense for their salary, benefits and stock. That is a bigger problem than reason #2! It also becomes difficult for them to lead since they have, instead, prioritized their work for management tasks that their staff should be doing.
One way peer-based advising ROI has been calculated is thus. A bigger problem, though, is if the executive must justify an expense of this size to the company's board before they can act. In such a case the board is perfoming the role of the executive and has strayed beyond governance. If so, the executive has much bigger organizational problems, something that peer-based advising can help with!
Peer-based advising exists in many forms. Quality and consistent interactions are accessible for company owners, CEOs and Executive Directors everywhere.  There really is no excuse to remain in CEO isolation.

Topics: executive leadership, organizational development muse, Mark L. Vincent, Design Group International, organizational leaders, Peer-based advising, CEO peer-based advising,


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