Hello and welcome to the 532 new readers of the Office of the CEO newsletter! Yes, that’s right, we gained more than 500 new readers since the last edition I published late last year.

In the meantime, I went on a little creative hiatus as my team decided to take this newsletter in a different direction towards data driven CEO insights. Now, without further ado…

Hello - I’m Mackenzie, and I write about all things Office of the CEO, Chief of Staff and Executive Operations.

Every 2 weeks, you’ll get 1 new leadership chart and tactic that you can implement, a roundup of our exclusive Office of the CEO events, a list of hot Chief of Staff jobs, and more.

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Coaching saves lives

The NY Times published an op-ed this morning about a Harvard Medical School study on the effectiveness of warm-ups for doctors to practice procedures that they’ve never completed before. In short, coaching for doctors increases their performance and improves patient outcomes.

In the study, doctors that practiced infant intubation experienced a 10.9% boost in 1st attempt intubation success rates. What did coaching look like? These doctors completed a short 5-10 minute coaching session just 1 hour before delivering the procedure. Looks like the juice was worth the squeeze.

Doctors Stephen Flynn, Raymond Park, Pete Kovatsis and Anupam Jena concluded their note by arguing that “if coaches in sports and music can find time to fine-tine their teams and performers, surely the same is possible in medicine.”

CEO coaching increases performance

Let’s take this one step forward. At Cedar, we believe that CEOs - just like doctors - should also take inspiration from pop stars and quarterbacks. Top CEOs would do well to seek out external coaches that can advise them on difficult issues and strategic matters. Executive coaching can and will improve leader performance.

So what’s the impact on the bottom line? There’s a noticeable lack of information and data on the benefits of CEO coaching, and so the best results we could find related to executive coaching, not just CEO coaching.

Per a primer on the ROI of executive coaching by Don Frericks, senior executive coach, executive coaching can deliver 788% ROI according to a study completed at a Fortune 500 company. Per the International Coaching Federation, executive coaching can boost individual performance by 70%, team performance by 50% and organizational performance by 48%. See below for how the study authors defined each category of performance.

These studies beg a true CEO-only study that isolates the coaching population to just CEOs. Anyone up for the challenge?

Putting CEO coaching into practice

CEOs may need to be convinced that they need coaching, so here is a list of things that an executive coach can help them with:

1. Strategic vision - Sharpening the company’s direction and getting their team to rally around a shared goal

2. Leadership presence - Commanding a room through strong and authentic executive presence

3. Team development - Building and managing high-performing executive teams

4. Organizational change - Leading transformation initiatives, especially through periods of transition

5. Stakeholder management - Strengthening relationships with the board, investors, media, customers and employees

6. Self-awareness and growth - Identifying blind spots, developing emotional intelligence, and creating structured personal development plans

7. Work-life integration - Navigating intense demands of the CEO role while also staying sane, healthy and fully committed

8. Crisis management - Moving through challenging situations with grace, making difficult decisions and building organizational resilience

Once a CEO is interested in coaching, what’s important is that they get a referral from their personal networks to an executive coach that matches their style, life history and professional track record.

And remember, the coach need not be external to the organization. In the absence of an external coach, a senior Chief of Staff or very senior Executive Assistant can play an executive coach role to the CEO.

So there you have it: the ROI and benefits of CEO coaching. Here’s to equipping CEOs with exceptional executive coaches, en route to becoming the best CEOs the world has ever seen.

Do you know a CEO that could benefit from CEO coaching? Share this newsletter with them.

The Office of the CEO Playbook

I’m thrilled to announce that the launch of our Office of the CEO Playbook has successfully launched to more than 1,000 readers. If you haven’t already, download your copy here. We’re proud to have delivered Cedar playbooks to more than 5,000 leaders across 90 countries.

Chief of Staff Jobs

Welcome to our Chief of Staff job board. If you have a Chief of Staff job you’d like shared to 3,000+ readers of this newsletter or need hands-on recruiting help to hire your Chief of Staff or Executive Assistant, reply to this email.

Chief of Staff, Middle8, Los Angeles, CA, Entertainment, Startup

Chief of Staff, AUI (Augmented Intelligence), New York, NY, Tech, Startup

Chief of Staff, Société Générale, New York, NY, Finance, Enterprise

Chief of Staff to Head of Product Work Management, Atlassian, San Francisco, CA, Tech, Enterprise

Chief of Staff, Taara, X, the moonshot factory, Mountain View, CA, Tech, Startup

Chief of Staff, Share Ventures, Los Angeles, Tech, Startup

Executive Assistant to the CEO, Acumen, New York, NY, Social Enterprise, Non-Profit

Executive Assistant to the CEO, MedImpact Healthcare Systems, San Diego, CA, Pharma & Tech, Private Company

Executive Assistant to the CEO, ICBD Holdings, Fort Lauderdale, FL, Healthcare, Private Company

Executive Assistant to CEO & CRO, Chicory, New York, NY, Tech, Private Company

Executive Assistant to CEO, Aloha Capital, Boulder, CO, Real Estate, Investment Firm

Help Us Grow

Our mission is to impact 1,000,000 leaders. If this newsletter would help someone in your network learn more about the benefits of CEO coaching, please forward it to them.

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Thanks for reading! Stay tuned for next week’s edition.

Until next week,

Mackenzie

Mackenzie Lee | Founder & CEO
M: 650.283.4152 | E: [email protected]
New York City, NY
www.CedarChief.com

At Cedar, we turn executives into fast and fearless leaders.

Thanks to technology, changing markets, and demanding investors, the C-suite job is tougher than ever. We help executives find freedom from blockers and busywork.

Our mission is to help 1 million CEOs and their C-suite teams let go and do more of the things that matter. We help you hire a Chief of Staff, build an Office of the CEO, and implement C-suite operating systems.

On average our clients see a 25% meeting reduction, 20% strategic sales increase, and 2x speed-to-execution in their first 90 days with us. Data is continuously analyzed to improve performance and accelerate growth.