Cover of The Great CEO Within: The Tactical Guide to Company Building by Matt Mochary - Business and Economics Book

From "The Great CEO Within: The Tactical Guide to Company Building"

Author: Matt Mochary
Publisher: Unknown Publisher
Year: 2019
Category: Business & Economics

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Chapter 5: Collaboration
Key Insight 2 from this chapter

Strategic Roles for Scaling: Chief of Staff, Business Operations, and Product Manager

Key Insight

The Chief of Staff (COS) role is crucial when a CEO struggles with uncompleted goals or energy-draining tasks. Ideal candidates possess 4-8 years of experience at top management consulting firms like Bain, BCG, or McKinsey, bringing high organization, excellent communication, and broad strategic business knowledge. Their training involves gaining unfettered access to all information the CEO receives, including emails, calls, and meetings, which enables them to think like the CEO, take over non-energizing tasks, and serves as exceptional CEO training.

Business Operations (BizOps) functions, common in major tech companies such as Google and LinkedIn, are staffed by top-tier consultants and act as 'mini-CEOs.' Their responsibilities include parachuting into problem areas to fix them, building scalable processes (like quarterly business reviews, OKRs, and KPIs), taking over project and people management duties from struggling managers while retaining the former manager as an architect, effectively running meetings, and potentially serving as a chief of staff to the CEO. These teams are highly effective for improving performance and scaling during hypergrowth phases.

The Product Manager is arguably the most important position in a technology company, ideally reporting directly to the CEO to maintain final authority in feature prioritization. They engage directly with customers to understand their lives and problems, assessing technical feasibility and difficulty to list valuable features. Product managers lead cross-functional meetings with engineering, sales, and marketing to prioritize features, favoring high-value, low-cost options first, and then high-value, high-cost features over low-value, low-cost ones. They also develop wireframes and specifications to guide engineers, ensuring they understand the 'why' behind what they build.

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