Goldcrest Partners works with CEOs to provide this sounding board, stimulate fresh thinking and improve individual and organisational outcomes.
Unique Relationship
The relationship is one of trust and mutual respect, enshrined in confidentiality where the coach/advisor and CEO establish a partnership that offers a sounding board to leverage strengths, enhance leadership capabilities, effect change in the business and, all the while, integrate both professional and personal development into the process.
Common themes
Goldcrest Partners have a small number of appropriately qualified and experienced advisors to partner with CEOs on an advisory basis.
Our advisors bring their own expertise to these engagements, along with full access to Goldcrest Partners’ resources and know-how.
We typically partner on a retained basis for an agreed amount of time per month for a minimum initial term of 6 months. The relationship is usually found to be, so valuable that it continues long-term.
Some common themes we have identified are as follows:
1. Thinking partner
Taking time from the day to day to reflect with a thinking partner helps us to gain perspective, develop self-awareness and talk through issues and opportunities to improve leadership, decision making and key relationships. There is also the opportunity to bring personal matters and wellbeing into the conversation to enable a coherent and integrated approach.
2. Technical sounding board
Having the option of discussing business matters with a knowledgeable and independent sounding board is highly valued by all business leaders and most particularly those who are at the top of house. The opportunity to be fully transparent with colleagues/investors is often limited and the chance to discuss strategy, financial issues, organisational design and investor engagement (amongst other things) with someone can be very reassuring and improve outcomes.
3. Strategic solutions
CEO Advisory conversations often reveal areas of the organisation that are proving problematic. This could be the individual performance of key contributors, issues integrating an acquisition or executing strategy, the performance of teams or indeed the need to evolve culture. Goldcrest CEO Advisors explore the observed symptoms with their principal and can offer strategic solutions, with a Board level perspective, that draw on the full breadth of our services.
4. Founder transition
Often Founders create and drive their business through sheer strength of personality. As the business grows, a change in approach is demanded by the scale of the organisation. The devolution of power from the ‘founder’ to the ‘business’ is necessary to maintain momentum in progress.
This can be easier said than done! It can be difficult to relinquish control, pull out of the detail and delegate decisions when we care so deeply. This is particularly the case when the management team themselves needs to grow their capability to meet the challenge of this new way of working.
The ultimate measure of success in this regard is how well the business performs without your involvement. This process starts with looking at your existing ways of working with a fresh perspective and can be supported by expanding the scope of work to include developing you team so that they can take responsibility for more of the ‘day-to-day’ and free you up to concentrate on other priorities.
CEO Advisory Case Studies
CEO Advisory Insights
