Does your company operate with one CEO or is it lead by two CEO's?
I haven't come across the Co-CEO leadership approach very often but where I have it is within medium sized, usually privately owned organisations. We work with one particular client where the two founders have split the CEO role into Commercial and then Operations / Supply Chain etc... which really seems to work well. The trick they have learned is ensuring they communicate with total clarity beneath them and there is usually one who has a casting vote in any strategic decision making.
I think this works well and considering that most CEO's have an experience bias towards a specific function it can provide an unbalanced view to the business?
But two heads aren't always better than one. A George Washington University study explored whether co-CEOs were the answer to the high failure rates of second-generation, family-owned businesses. (The answer: sometimes.) But David Martin, founder of leadership consulting firm David Martin & Company, says having two people in a role where there is typically one decision maker "almost never works." When two people are working in a fast-paced environment and need to make decisions quickly, having to check in with another person can make an organization less nimble. Still, those who do it well find it brings benefits to the organization. In order to give co-CEO roles the best opportunity at success, here are five essentials to keep in mind.