It’s about getting it right as the CEO – the first time.  Because with more pressure on performance, there may not be a second time.

Here are the four tips for a CEO to get it right the first time:

First, “do only what the CEO can do”. I couldn’t agree more. CEO’s can’t and shouldn’t do it all – though many try – a classic first time CEO mistake. The job of the CEO is to lead, not do.

Second, treat your Board of Directors as a strategic partner. I like the advice here – remember how you would like to be treated by one of your divisions or business units. There is a level of engagement that you will want and feel comfortable with. Less than that level and who knows what your discomfort might lead to. Same for your Board of Directors.

Third, “align the culture behind a clear business strategy”. Huh?? I wasn’t sure what that meant either. Here’s the key point – vision and mission are nice but tapping informal interactions and networks is vital to rapid, lasting change and organizational buy-in.

Fourth, set the pace for change. Sign me up 100% for this one. If the CEO is dogging it, don’t look for rapid movement elsewhere in the organization. There is a balance though, between moving too fast, making mistakes and creating setbacks vs. moving too slowly and creating complacency. The CEO needs to get it right.

Bottom line from the post – the CEO needs to be strategic and a team player. Strategic because with so many pressures, defining direction and priorities isn’t straightforward. Team player because no one can do it themselves.

Good advice for the first time CEO or the CEO who needs to get it right the first time.