Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Some authors say leaders divide their time in 3 parts: one for handling finances another for quality & third for relationships. What do you think?

user-image
Question added by Deleted user
Date Posted: 2016/03/14
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

The most successful Startup CEOs I've worked with and learnt from share 2 characteristics:1) They adapt their time allocation to what they feel the business needs at that particular time.  They might dive in to help with product management one month, then pitch in heavily on sales the next. It can seem random, but they are prioritising to see where their effort can have the biggest impact on success.2) They allocate a lot of their time to stuff that has no short term payoff but feels important.  Strategic deals, M&A, team development, investigating new revenue streams, chatting to potential future hires/investors/acquirers etc. Many of these won't come off but this is about option value - 1 or 2 of them might make a huge difference to the company's value.My own best guess time allocation for what it's worth:-25% Team. Hiring, people development, training, team meetings, 1 on 1s etc-20% Product management. I'm filling a role we haven't hired for yet. I like it, and product development is vital for us anyway.-20% Random opportunistic deals. Generally stuff that needs a founder and doesn't obviously sit in someone else's job role. Partnerships, M&A, strategic deals ...-10% sales.  Chipping in with major client calls, meetings etc.-15% admin. Finance, metrics, office management, customer support etc-5% vision/strategy. Small time but very important.-5% marketing. -0% fundraising. But that may change if we need it later ..

Omar Saad Ibrahem Alhamadani
by Omar Saad Ibrahem Alhamadani , Snr. HR & Finance Officer , Sarri Zawetta Company

Thanks

Partly & Theoretically Yes,

But, in my opinion leaders have to dedicating their time as following:

  • Fifty percent : for Relationship.
  • Forty percent : for Quality.
  • Ten percent :for Finance.

Why ; Relationship and Quality from the main responsibilities of leaders , but Finance can be handled by Finance Manager ,Accountants, and Auditors , and leader supervising them remotely  

Gourab Mitra
by Gourab Mitra , Manager IT Project Program and Delivery Management(Full Time Contract/Consulting Role) , IXTEL(ixtel.com)

Answered well by experts here

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , WAREHOUSE SUPERVISOR , AL MUTLAQ FURNITURE MFG

Agree with Mr. Omar Saad Ibrahem Answer <<<<<<<<<<<<<<<<<<

Khalid Ghaffar
by Khalid Ghaffar , Consultant for Business Development , Waters Corporation USA

I agree with Mr. Vinod's answer and have voted for him.

Ghada Eweda
by Ghada Eweda , Medical sales hospital representative , Pfizer pharmaceutical Plc.

Thank you for invitation , Agree with the perception given by experts Mr.Vinod Jetely and Mr.Omar Saad .

Mohammed Bin Salmah
by Mohammed Bin Salmah , Procurement and Sales Engineer , Yemen Equipment & Supply - YES

The leaders should manage all the three parts (relationship, quality and finance) separately. All of them are important and any omitting of one of them it will be disaster

Ahmed Mohamed Ayesh Sarkhi
by Ahmed Mohamed Ayesh Sarkhi , Shared Services Supervisor , Saudi Musheera Co. Ltd.

About me agree on this              .

CHANDRASEKAR NAHARAJAN
by CHANDRASEKAR NAHARAJAN , Product & Service Manager , Monilek Oilfield Enterprises

Customer relation ship should be the first, then it comes with Marketing, after sales, QA last it comes in to Accounts...

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

i fully agree with the answers been added by experts..........thanks.

Sidrah Nadeem
by Sidrah Nadeem , Global Marketing Manager , Hill & Knowlton

I'd say more than three:

  1. Keeping the boards requests in mind
  2. Developing people
  3. Networking
  4. Getting short terms results
  5. Ensuring long term strategy is implemented
  6. Ensuring all departments are working towards on unanimous goal

More Questions Like This