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What Are CEO Peer Advisory Groups and How They Help

It looks easy to be a CEO, but the truth is it can be taxing, especially when the decisions you make are always make-or-break, directly affecting the entire business. Without all the necessary data, perspectives, and skills, it can be impossible always to make the right decisions. Whereas spouses, friends, and staff can make great advisors, they can be impartial, especially when it comes to pointing out your weaknesses. This is where peer advisory groups come into the picture to save the day for CEOs. 

CEO peer advisory groups are forums where fellow chief executive officers can give and receive objective feedback from each other. It is more than an executive network considering that most have gone through similar experiences and can help you navigate what you are currently going through. The outside perspective makes decision-making easier, which is good for any business. The CEO peer group concept has been around for ages, but it seems to be gaining momentum recently. The officers are transforming how they lead by harnessing power from the networks; they can reach out to each other and offer guidance where necessary, making decisions with speed and accuracy. 

CEO roundtable groups are organized forums for executives to come together and share insights and experiences. By coming together, the executives assist each other with challenges, identifying and pursuing promising opportunities. They are also able to develop growth-oriented solutions. Some groups can have facilitators with the necessary experience and training for CEO coaching. In such settings, CEO development programs are used to offer the necessary training to the executives to sharpen their leadership skills. 

How the peer groups help

When you join a CEO peer group, you can focus on ways to improve your leadership style, goal setting, and decision-making from an objective point of view. This makes it possible for you to outdo your competition. The groups are helpful in the following ways:

  • Identifying blind spots 
  • Pushing you by challenging your thinking and roles    
  • Holding you accountable for where your business is currently 
  • Helping you solve the right problem and not just deal with the symptoms

By regularly having the right people by your side, you will have an easier time handling your business and making the right decision. This, in turn, helps you grow the business using the real-time advice you get from your peers in troubleshooting for the best results. CEO network also helps you grow professionally because they challenge your thinking around the business. You can build interpersonal skills and emotional intelligence, increasing self-awareness and becoming a better leader. 

CEO peer groups are beneficial in helping you advance in leadership. This is because they allow you to create relationships and gain invaluable perspective, helping you reach your full potential effectively. Ultimately, you can fuel the growth you would otherwise not have attained when working independently. 

What to expect 

As a CEO, you can find a peer group by connecting with others online or at events. You can also choose to work as a member with like-minded executives or collaborate with existing groups from diverse industries. Usually, the groups will consist of more than ten business leaders from companies, not in competition with each other. The best group is one that has leaders from different industries but holding similar roles as you and running companies that are sized just like yours. 

After finding your perfect peer group match, you will be under the guidance of a chair who generally offers mentoring for every CEO. They will have the necessary experience in the real world and can also be successful business owners who have overcome challenges they are facing in their careers. 

Interactive and purposeful meetings will then be held every once in a while for members to get clarifications and identify efficient and effective solutions. The discussions are usually confidential, safe, and candid; the chair can bring expert speakers and coaches to present workshops and ideas.

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Location: Boston, MA, USA

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