In an earlier post, I shared the story of 5 famous CEOs who credited, in part, their success to actively participating in CEO peer groups.
Peer groups, also known as CEO peer groups or executive peer groups, are groups of business leaders who meet regularly to discuss common challenges, share best practices, and provide mutual support. Many executives have found that participating in a peer group can be beneficial for both their personal and professional growth.
1) One example of an executive who has benefited from being a part of a peer group is Mark Parker, the former CEO of Nike. In an interview with Harvard Business Review, Parker credited his participation in a CEO peer group for helping him navigate the challenges of leading a large global company. He said the group provided him with valuable perspectives and ideas that he couldn’t have obtained on his own.
2) Another example is John Legere, the former CEO of T-Mobile. In a podcast interview with the New York Times, Legere credited his participation in a CEO peer group for providing him with valuable insights and support during his tenure as CEO. He said the group helped him to stay focused on his goals, and to make important decisions with confidence.
3) A third example is Mark Fields, the former CEO of Ford. In a podcast interview with McKinsey, Fields credited his participation in a CEO peer group for helping him to stay focused on the big picture, and to think strategically about the future of the company. He said the group provided him with valuable perspectives and ideas that helped him to navigate the challenges of leading a large global company.
These examples illustrate the benefits that many executives can gain from participating in a peer group. By sharing their experiences and ideas with other leaders, they can gain valuable insights, support, and perspective. This can help them to make better decisions, stay focused on their goals, and to navigate the challenges of leading a large organization.
How about you? Have you joined an executive peer group? If not, here’s why you should.
Sources:
“Mark Parker on Leading Nike” Harvard Business Review (https://hbr.org/2019/03/mark-parker-on-leading-nike)
“The Art of Leadership: John Legere” New York Times (https://www.nytimes.com/2020/08/14/business/leadership-john-legere-t-mobile.html)
“Mark Fields on Leading Ford” McKinsey (https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/mark-fields-on-leading-ford)
