This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/04/10/3-tips-for-navigating-stakeholder-relationships-every-new-c-suite-executive-needs-to-know/
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by Alisa Marie Beyer, CEO, LemonTree Partners
Congratulations! You’ve just been promoted into the C-suite executive position of your dreams, and you’re undoubtedly proud and excited. You’re also undoubtedly busy. New executives always have a lot on their plates. For any newly established C-suiter, taking on all of these tasks and getting started in their new position is a critical time. Eyes are on your every move and decision; pressure is high, expectations even higher. It can all end up feeling like a clustery mess of competing priorities and tasks to be done, with no time (or maybe even real critical knowledge) of how to do it all.
Although taking on a new C-suite position is an exciting step, at the moment of transition into their new role, C-suite execs — even those who have been in a C-suite position before — are effectively in beta mode and vulnerable. In their first 18 months, 50% of executive leadership transitions fail.
However, this statistic can be the exception and not the rule. After building five of my own companies and working with dozens of corporate leaders, I’ve learned there is one critical step every C-suite exec can take to help mitigate their risk of failing: learning how to navigate stakeholder relationships.
1. Meet your Team.
There will be many firsts as a new CEO: the first day in the office; the first time leading a company-wide meeting; the first day of introducing yourself to your immediate direct reports, not to mention all the rest of the employees at your company. Even if you’ve worked your way up the ranks and already know most of these folks, meeting them as “the boss” is a different experience. While it may seem like you have all the time in the world to start establishing and nurturing a relation… Read More
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