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Newsletter #2: CEO Excellence Assessment, The Great Betrayal, Business Growth, and More
The smarter way to grow with fractional executives.
Sue Mysko
February 29, 2024
SCALE UP Newsletter #2
Welcome to Scale Up, the smarter way to grow with fractional executives.
In this edition:
🚀 McKinsey’s CEO Excellence Assessment Tool
🧑‍💻 WTF is the Great Betrayal?
🏆 How to WIN (at ANYTHING)
Let’s dive right in. 👇🏼
CEO excellence: How do leaders assess their own performance?
McKinsey’s CEO Excellence Assessment Tool offers insights into the key issues facing more than 100 CEOs, where they feel most confident—and most vulnerable.
It assesses CEO performance in six dimensions of leadership. The tool aims to build a global database of CEO performance and provide industry-specific insights.
The findings show that women CEOs appear more confident in their performance compared to male peers.
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WTF is the Great Betrayal?
The Great Betrayal has led many to choose freelancing over full-time employment after experiencing layoffs that shattered their trust in employers.
The tech sector has seen mass layoffs, and workers have lost faith in the stability of full-time work. The tight labor market has also made workers highly in demand. This has led to an erosion of trust between employers and employees, as workers question the loyalty of their employers.
Many workers are seeking greater work flexibility and meaning, with a significant portion turning to self-employment. Companies can identify employees feeling betrayed by being more engaged with their workforce and offering flexibility, meaningful work, and financial gain.
AI Will Transform the Global Economy. Let’s Make Sure It Benefits Humanity.
AI will impact nearly 40% of global jobs, both replacing and complimenting them. It presents opportunities for boosting productivity and global growth, but also poses risks of job displacement and inequality.
Advanced economies face greater risks and opportunities from AI compared to emerging markets. The IMF has developed an AI Preparedness Index to measure countries' readiness for AI adoption, with wealthier economies generally better equipped.
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How to Win (At ANYTHING)
🏆 To win at anything, it is important to break down commands into the most basic form and provide detailed instructions.
🏆 Operationalize the list of actions to turn losing into winning.
🏆 Intelligence is the rate of learning speed, and confidence is domain-specific and can be increased by practicing in the exact situation multiple times.
🏆 Consistency and perseverance lead to compounding returns and success during hard times.
🏆 Changing your environment can change your behavior and motivation.
The First Step to Hiring Success
Hiring the right people is crucial for the success of any business, especially those with aggressive growth goals. When resources are limited and the workforce is small, each employee’s contribution becomes even more significant.
If you're a business looking to scale quickly, having the right people on board can make all the difference in achieving your goals.
To ensure that you're bringing on the best talent for your specific needs, it's important to identify your business goals and align your hiring strategy with those objectives before starting the hiring process.
