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Answers

Topic:

WHAT DO CEOs DO?

A survey of Harvard Business School (conducted in early 2011) revealed that time CEOs spent with company insiders is correlated with profits; time spent with outsiders is not, and a possible interpretation is that spending time with outsiders might be more beneficial to the CEO than to the firm. These facts spark people’s biggest concerns: “What do CEOs do?” or “Which role do CEOs play in a corporation?”. Discuss with Anphabe’s Advisor – Ms. Vu My Lan, CEO of Aon Vietnam to find out more.

Advisor:

My Lan Vu's picture

My Lan Vu

Chief Commercial Officer
Marsh Vietnam

Timing:

The discussion is open from 20-10-2011 to 11-11-2011

The advisor answered on 07-11-2011

In times of change, what is the role of a CEO?

Answer2 hZWZmZlilXGbm5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5uZlYad2Z5om1vFxtbS1sWamYhsz2yWca3j
Rosie Vu's picture
1319369945

Could you please share with us on these situation with the same question as above? Thank you!
S1. Your firm goes nationally or even internationally.
S2. You are a new CEO to a firm.

Answer2 hZWZmZlilXGbm5WExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5uZlYad2Z5om1vFxtbS1sWamYhsz2yWca3j

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Answers

  • My Lan Vu's picture
    My Lan Vu
    1320764759

    Dear Rosie,
    Whilst change is an inevitable part of life, people by nature are inclined to resist change when it happens. Change management therefore is always a challenging task. During times of change, CEO’s role is to be Chief Communicator and Project Manager of change management to assure smooth implementation of change. I think the best way for CEO to manager change is to first communicate with company’s leadership team about why change is necessary to gain their consensus, e.g. to increase business efficiency, to keep company remained competitive. Once consensus of leadership team is gained, the communication must be cascaded to next levels. Depends on situations, the communication can be from this leadership team to their direct reports, or CEO can hold a “town hall” meeting to communicate to all employees. The next thing is to develop a “game plan” and then to execute that plan to implement change.

    I hope the above can address your first scenario. Regarding the 2nd scenario - I am the new CEO to a firm, I certainly will first introduce myslelf to leadership team, and then to the whole company, where I show my commitment to transform the firm and ask for my colleagues' supports.

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  • Lam Nguyen Kim's picture
    Lam Nguyen Kim
    1320907273

    hi,

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