Are You Thinking Like A CEO Assessment

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You may have started your business on your own, doing everything by yourself but now you’re ready to expand and take on the mantle of the CEO you are.

There’s no perfect mix of behaviors and skills that work for every CEO. The industry sector and the individual business context determines which are most important in any particular situation. For example, a CEO in the tech field will probably need to stand out at responding flexibly to changing markets. However, this may be less important in coaching or consulting.

Some key attributes will matter more to you than others. However, there’s commonality in the mindset you need to develop, no matter what your business.

In this assessment you’ll be rating both your mindset and key skills to get an idea of the extent to which you are already thinking like a CEO and what steps you need to take to improve.

The following is a list of statements about the mindset of business owners and entrepreneurs. For each item rate how much you agree with the statement as follows:

1 = This isn’t me at all

2 = That’s rarely me

3 = That’s me some of the time

4 = That’s me most of the time

5 = Absolutely! That’s me 100%

I measure and analyze everything my business does to monitor progress and identify ways to improve*

I stay on top of my revenue targets and take steps to rectify any under performance.*

I focus on my ultimate goals and develop strategies tha will lead to their achievement and am motivated to work towards them against all odds.*

I set direction for the business and make all the long term decisions.*

I am well placed to sense change early and to make strategic moves to take advantage of it for my business*

I find it easy to step out of the day-to-day and see the big picture.*

I take responsibility for what happens in my business and don't blam others or outside circumstances when things don't work out.*

I stay positive in the face of challenges.*

I keep a constant eye on changes in the marketplace so that I can steer the business to make adaptations when required.*

I prefer to spend time thinking about future opportunities ratheer than short term priorities.*

I have created a culture of creativity in my business.*

I see setbacks as something to learn from rather than something to be avoided.*

I stay flexible so that I can change course when needed to suit customer demands.*

At times of change, when it is hard to see what might lie ahead, I find it easy to be oprn to possible scenarios.*

I am prepared to leave my comfort zone and try something new to gain new business.*

I am not afraid to say "I don't know, but I will find out."*

I keep open to improved ways of doing things to keep existing customers and gain new business.*

I can inspire others with my vision which I communicate clearly.*

I motivate those who work with me to contribute theier best. These include strategic alliance partners, networking colleagues, suppliers and others with whom I work.*

I show respect and consideration for others and listen to their ideas.*

My Mindset Score

Mindset Scores:

80-100 - You are thinking like a CEO a lot of the time. Remember to keep focused on your goals and stay out of the day-to-day operations of your business.

51-79 - You have some of the instincts of a CEO but you could develop more. Remember that you need to be focused on the strategic direction of your business and working through others to get things done on a daily basis. Perhaps you could develop your confidence more so that you’re comfortable taking the lead and setting the strategies that guide you.

50 or less - This is an underdeveloped area for you. Think about doing some training to develop your CEO mindset.

Having the right mindset is crucial when thinking like a CEO. However, thinking isn’t enough; you have to act. Three skill areas that CEOs need to master are decision-making, delegation and innovation.

Rate the following statements in the way you did before (1 to 5)

For each item rate how much you agree with the statement as follows:

1 = This isn’t me at all

2 = That’s rarely me

3 = That’s me some of the time

4 = That’s me most of the time

5 = Absolutely! That’s me 100%

I realize that sometimes a wrong decision may be better than no decision at all. Indecisiveness does not inspire confidence.*

When faced with a decision my biggest cncern is not moving fast enough to make the decision that is needed.*

When faced with a decision I work through a strategy that is proven in the past rather than figure out the approach as I move forward.*

If I have a decision to make, I get as much data as I can rather than jump right in.*

I trust my gut feeling to guide me if I have a quick decision to make. It has never let me down.*

My Decision-Making Skills Score

Decision Making Score

21-25 - You’re making sensible decisions that are working out well for you. Don’t stop doing what you’re doing.

11-20 - You’re making decisions in your business, but they’re perhaps not always thought out. Don’t be pressurized into making a decision if you can spend a little time to gather facts. If you don’t have time, then train yourself to listen to your intuition and don’t be afraid to act on it. Always make sure you evaluate the decision after it’s been made to check you’ve made the right moves. Practice more and evaluate your progress regularly.

10 or less – Decision-making is an underdeveloped skill for you. Think about doing some training to improve your decision-making skills.

CEOs don’t necessarily make great decisions all the time, but they stand out for being more decisive. They make decisions earlier, faster, and with greater conviction. They do so consistently even when they don’t have all the facts and sometimes in unfamiliar circumstances. They may use instinct or gut feeling to make a decision when they have to act quickly but know that intuition alone won’t always lead to good decisions.

The following is a list of statements about the delegation skills of business owners and entrepreneurs.

For each item rate how much you agree with the statement as follows:

1 = This isn’t me at all

2 = That’s rarely me

3 = That’s me some of the time

4 = That’s me most of the time

5 = Absolutely! That’s me 100%

I realize that in order to do my job as CEO successfully, I need to delegate to others even if this is challenging sometimes.*

When delegating I make sure I know the specific outcomes I want and always communicate them to the person I've chosen for the task.*

When delegating I put in place support and monitoring measures, so I know the delegated task is progressing successfully without micro managing the person I've chosen for the task.*

I don't hesitate to invest in the cost of delegating tasks to those who can do the job better than I can.*

I know that when I delegate, I still retain control and accountability for the task and its effect on the business.*

My Delegation Skills Score

Delegation Skills Score:

21-25 - Your delegation is working and giving you more time to act like a CEO. Don’t stop.

11-20 - You get things done in your business but you’re probably still undertaking tasks that need to be delegated. Pinpoint which can be done by someone else and find the right person, either in your team or a freelancer to outsource to. Practice more and evaluate your progress regularly.

10 or less – Delegation is an underdeveloped skill for you. Think about doing some training to improve your delegation skills.

Learning how to delegate is one of the most important skills you need to master as CEO. Accepting you can’t do everything yourself can be challenging but it’s essential if you want to have a successful, growing business.
Delegation will enable you to free up time to focus on your CEO role without drowning under the weight of day-to-day tasks. There are probably many activities, which eat into your available time, which simply shouldn’t be done by you at all.

The following is a list of statements about the innovation skills of business owners and entrepreneurs.

For each item rate how much you agree with the statement as follows:

1 = This isn’t me at all

2 = That’s rarely me

3 = That’s me some of the time

4 = That’s me most of the time

5 = Absolutely! That’s me 100%

I promote a creative work environment so that those who work with me feel encouraged to contribute their ideas for innovation.*

When I am seeking a solution, I don't try to force a result, but allow myself time to come up with an answer.*

I am willing to take new ideas and take action to innovate by making improvements in my business.*

I actively take steps to encourage my creative thinking and motivate others to do the same.*

I make sure that I keep my energy levels up by taking regular breaks during the day to stimulate my brain's creative process.*

My Innovation Skills Score

Innovation Skills Scores:

21-25 – You’re using your creative mind to innovate and improve your business. Keep it up.

11-20 – You’re open to innovation in your business but perhaps lack confidence in your ability to be creative. Remember that you’re creating with every thought and word you speak, and the more you value and acknowledge your own creativity, the more creative you allow yourself to be. Have more faith in your subconscious mind to come up with solutions to your problems.

10 or less – Innovation is an underdeveloped area for you. Think about doing some training to improve your creativity and innovation skills.

Innovation is the lifeblood of all businesses that want to move forward. It enables you to make improvements to existing products, services, and ways of working, as well as introducing the new. In this way you can respond to customer demand and market changes and keep your busines on a growth path. As CEO, it’s your job to be open to innovation and encourage it in others through stimulating creative thinking.

Innovative Business Solutions http://www.providing-innovation.com

Are You Thinking Like A COO Assessment

Mindset

Skills

Decision-Making

Delegation

Innovation