CEOs face a lot of pressure in their work lives. In most cases, the CEO becomes completely responsible for the success or failure of a company. In this book, the author, Ben Horowitz, focuses on how a CEO faces various problems within a company. There are situations where you as a CEO must step up and involve your people to make the right decisions.
There are certain ways to hire and fire people, to face the pressure and be a great CEO, to build a successful organization, and even to sell your company. In the book, the author gives various steps to practice on how to become a good CEO.
Every CEO dreams about running a successful company. Unfortunately, no company performs smoothly, since crises will become a part of the developing business. For example, every company faces both macro and micro issues like financial crises, the best customer going bankrupt, and so on.
This is where the CEOs meet ‘The Struggle’ that happens when dreams of success become reality. Every CEO faces ‘The Struggle’ which includes a lot of stress and impossible decisions. This ‘struggle’ and stress has a deep effect on the entire life of a CEO, from the physical and mental health to career and also his social relationships. Ultimately, it is the CEO who gets credit for the company’s success or gets fired due to its failure.
Here are a few strategies to overcome ‘The Struggle’:
It is essential, to be honest, and open about various problems within the company so that the team members can work on it, rather than only the CEO and other authorities stressing about it. When the company is facing challenges, discussing them with your employees is essential to succeed later on.
Bad news
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In the summary of The Hard Thing About Hard Things book, there are 8 key lessons. These lessons include: