See the Big Picture to Succeed as a CEO

Guest post from Professor M.S.Rao, Ph.D.:

 
“To
be a champion, I think you have to see the big picture. It’s not about winning
and losing; it’s about every day hard work and about thriving on a challenge.
It’s about embracing the pain that you’ll experience at the end of a race and
not being afraid. I think people think too hard and get afraid of a certain challenge.”
—Summer Sanders


CEOs must see the upcoming
organizational challenges from multiple perspectives with a big picture. They
must be able to integrate their conceptual skills with technical and business acumen.
Seeing the big picture can help avert organizational challenges and overcome
them. Additionally, they must be able to forecast the future demands of the
customers and clients to create products and services. The visionary CEOs like
Richard Branson, Warren Buffett and Lou Gerstner have an innate ability to see
the big picture. They could see what others could not.


Robert Katz and Conceptual Skills
Robert Katz outlines three levels of management—low, middle and top level management. At each level of management, there is a need for technical skills, human skills and conceptual skills. At the low level management, there is need for more technical skills and less conceptual skills. At the middle level management, there is equal need for technical skills, conceptual skills and human skills. At the top level management, there is more need for conceptual skills and less need for technical skills as the leaders involve in strategic management. And the need for human skills remains in the same proportion at all levels of management. Hence, leaders and chief executives must possess conceptual skills to see what cannot be seen by others. They must be able to vision and make decisions accordingly.

Leadership Lessons from Warren Buffett
Warren Buffett is one of the world’s richest men. He is the legendary chairman and CEO of the biggest shareholder company—Berkshire Hathaway headquartered in Omaha, Nebraska, United States. He is an investor and philanthropist. He has received several honors and recognition including top money manager of the 20th century in a survey by the Carson Group and Presidential Medal of Freedom, 2011. He saw the big picture and invested in companies reaping a great harvest. Hence, we will discuss about Warren Buffet, the Oracle of Omaha and his leadership lessons. He is good at numbers with an eye for detail. He is a long-term player with a clear focus on his investments. Warren Buffett believed both in timing and time. He knew the right time to invest in the right companies. He made many mistakes while investing, and he advises youngsters and college students to invest wisely. Here are some leadership lessons from him:


  • Be a voracious reader. He reads and
    reflects a lot. He reflects on the decisions he made in the past to assess
    and improve as per the present conditions.

  • Be patient and persistent. He has
    lots of patience. He is an expert in numbers and analyses them thoroughly.
    He doesn’t give up.

  • Articulate your ideas and insights
    effectively with others. He knows how to articulate his ideas with others.
    He influences his team with his ideas and carries them along with him.

  • Identify the strengths of people
    and build the team accordingly.

  • He gives his team members adequate
    “freedom to do by themselves” to run the organization.

  • Associate with people who are
    smarter than you to improve yourself. Right ambience leads to right ideas
    and insights to add value in attitude, behavior and performance.

  • Everyone makes mistakes. But we
    must learn lessons from mistakes and move on to make better decisions in
    future.

  • Be clear and strong in
    fundamentals. He has clarity in his mind and invests in fundamentals. He
    is unmoved by market fluctuations. His investments are meant for long-term
    results.

  • Learn when to hold and when to
    fold. He knows when to hold and fold his stocks.

  • Lead a simple life. He believes in
    simple living and high thinking. He still lives in the same house that he
    originally purchased for just over thirty-one thousand dollars, and he
    owns one car. He leads frugally and enjoys McDonald’s hamburgers and
    cherry Coke.

  • Emphasize ethical values. He is
    very transparent in his dealings. He emphasizes more on “means” rather
    than “ends.” He once remarked, “It takes 20 years to build a reputation
    and five minutes to ruin it. If you think about that, you’ll do things
    differently.”

  • Make a difference to the world. He
    shares his profits through philanthropic activities to make a difference
    in the lives of others. He is a great philanthropist.

How
to Develop a Big Picture Thinking?

 We often come across two types of people
in our life—the “big picture people” and the “details people.” The big picture
people are highly creative and innovative. They are visionaries. They see what others
cannot. In contrast, the details people often emphasize numbers and cannot move
forward unless they are convinced by those numbers. You can develop the big
picture thinking easily. Here are some tools and techniques to develop it:


  • Find out your biological clock and
    work on your passionate areas.

  • Break into small pieces; work on
    them independently; and then integrate them to acquire the big picture.

  • Work beyond your domain to widen
    your horizons.

  • Meet people outside your area of
    interest.

  • Discuss with people to generate
    more ideas and then work on execution.

  • Travel to different places and meet
    new people as it enables you to integrate different experiences to develop
    a broad mindset.

  • Invest some time to reflect every
    day. It helps you overcome your busy tasks and unclogs your mind.

  • Be in solitude as solitude is
    fortitude. Go to a serene place to think things through. Don’t allow any
    thoughts to enter into your mind. It helps you think from new
    perspectives.

  • Take role models who are good at
    big picture. Find out how they overcame their challenges by looking at a
    big picture.

  • Think big, dream big, create a
    blueprint and then break it into actionable steps to achieve it.

Remember, the journey of thousand miles starts with a single step. Hence, take the first step to build your big picture thinking.

Conclusion
 It is essential in the current competitive world to see the big picture to avert organizational challenges. Hence, leaders and CEOs must learn lessons from Warren Buffett to see the big picture to minimize organizational challenges and maximize organizational effectiveness.  

Author Bio:

Professor
M.S.Rao, Ph.D.
is the Father
of “Soft Leadership” and Founder of
MSR Leadership Consultants, India.
He is an International Leadership Guru with 37 years of experience and the
author of 37 books including the award-winning
21 Success
Sutras for CEOs
. He is a C-Suite advisor and a
sought-after keynote speaker globally. He is passionate about serving and
making a difference in the lives of others. He shares his leadership wisdom
freely with the world on his four blogs. His vision is to build
one
million students as global leaders by 2030
. 
He is a dynamic, energetic and inspirational leadership speaker.
He can be reached at:
msrlctrg@gmail.com.