Chief Executive recently posted a good article on why you should simplify and clarify your business. According to the article, knowing where to concentrate the effort is critical. A business should focus on where it earns money now and, even more importantly (in the doctor‘s view), where it will earn money in the future (as business, and demand, is constantly changing). To help you do just that, the article presented an approach to Keep it Short and Simple (KiSS) that it believes will help a CEO do just that:
- Clarify and communicate what the business is, does, and delegate down the line.
- As CEO, aim to remove yourself as much as you can from the dayt-to-day operational business and concentrate on strategic areas.
- Aim to reduce meetings and have a clear (and simple) outcome for those that do take place.
- Reduce the number of people involved in those meetings.
- Communicate, communicate, communicate.
This is also great advice for CPOs.
- A good CPO clarifies what procurement does for the business and how it meets the strategic objectives.
- A good CPO empowers her people to do their jobs and focuses on the big picture.
- A good CPO doesn’t waste her days in meetings … she spends them charting paths to procurement success.
- A good CPO only includes people who need to be there in meetings … and empowers those who are there to disseminate the information as required.
- Not only does a good CPO communicate, communicate, communicate, she also collaborates, collaborates, collaborates.