Many CEOs of small to medium sized companies think they can do it all. They built their companies to current levels by trusting their abilities and instincts and see no reason to change what worked for them. They lead others by controlling work output.
Then they reach a plateau. No matter how hard they try, they fail to rise to the next level. They have forgotten the definition of insanity, that is they repeat the same processes and expect different results.
The most effective CEOs understand that they are expert in some areas critical to their business. They also understand that they do not need to be expert in all areas and that doing everything themselves limits their potential for success. They lead by letting go of control. Through alliances with experts in diverse fields, they use the education, perspective and experience of others to their advantage.
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