Member-only story
What Entrepreneurs Can Learn from This Study That Shows How Successful CEOs Use Their Time
News flash: Running a business is hard.
In addition to the challenges of finding and acting on inspiration and developing your company’s four S’s, entrepreneurs also have the important responsibility of leading and nurturing the business every single day. A busy entrepreneur soon finds out that time is the most valuable and scarce resource he or she has and effectively managing it can make the difference between success and failure.
A recently released study by Nitin Nohria and Michael Porter of Harvard Business School demonstrates how CEOs of large companies spend their time. The outcome of this 12-year study is as much a validation for struggling entrepreneurs as it is a deep dive into the minds of successful business leaders.
The decade-long study included data from 25 CEOs (two women) of publicly traded companies with an average annual revenue of $13 billion. The research tracked these CEOs’ activities and actions every day, 24 hours per day, with details down to 15-minute intervals.
As you can imagine, the results were extremely detailed and profound.
Now, you may not be managing a multibillion-dollar company (yet), but all business leaders need to understand that how they spend their…
