The Only 3 Things a CEO Does

Recently I was reminded of the post on AVC titled What A CEO Does from a number of years ago. The question is simple: what does a CEO do? While there are a number of answers, I agree that there are only three things a CEO does (from the post):

  1. Sets the overall vision and strategy of the company and communicates it to all stakeholders.
  2. Recruits, hires, and retains the very best talent for the company.
  3. Makes sure there is always enough cash in the bank.

Entrepreneurs would do well to keep this in mind, especially when they’re scaling post product/market fit. Getting these three things right is incredibly hard, but when it happens, it’s amazing the results.

What else? Is there anything more important than these three things for a CEO?

One thought on “The Only 3 Things a CEO Does

  1. David – you nailed it – those three are pretty much the sum total of what a CEO must do. I usually express #1 as “driving alignment”. The CEO’s job is to ensure that all the stakeholders are acting in concert towards a well defined set of outcomes.

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