Every year thousands of managers make transitions into new jobs. The actions that they and other managers take during their first few months have a big impact on their success or failure. From 1999 to 2006, the average tenure of departing chief executive officers in the United States dropped from 10 years to about 8 years. Although some CEOs stay over three years, a lot of them find that their duty in the corner office is surprisingly short. In 2006, for instance, about forty percent of CEOs who lost jobs had lasted an average of just 1.8 years, according to a study by the outplacement firm Challenger, Gray & Christmas. Survival for the lower half of this group was only eight months.
They were ushered out the door because they appeared unable to improve the business’s performance. Nobody these days gets much time to show what he or she can do. So within the first 100 days at most, incoming CEOs and general managers must zero in on ways to increase market share, overtake competitors, and impact profitability – whatever the key tasks may be.
If you are taking on a new leadership role, whether in business, politics, sports or the military, this jewel of a book will provide you with essential information to make your transition successful. You will learn how to structure goals for what the author calls your “impossible future” while simultaneously performing your “day job” and putting quick wins under your belt to set the tone for your new position.
The first 100 days at a new position can be overwhelming. Not only are you trying to set yourself for being successful and extremely productive in your new position, you also have to learn the culture, evaluate your team and determine your priorities. One of the best take-aways of this book is Executive Time Management covered in chapter 9. The author implements Stephen Covey’s 4 Quadrants of time management as well as breaking down what is “important” into 4 quadrants of Executive Time Management. Another Covey essential habit discussed here is beginning with the end in mind and working your way back to find where to start.
I highly recommend this book to anyone taking over a new executive level position, be it in politics, sports or business. This will really assist you to make your first 100 a success and put you on track to really make a difference.
*Reviewers note – I have also read/reviewed The First 90 Days by Michael Watkins. It would be beneficial to read both books before beginning a new executive level job, but if you only have time to read one, read The First 100 Days by Robert Hargrove.