CEO peer groups works for so many reasons. Their have been around for years in one shape or fashion. They work because they bring tremendous talent from different industries and use a format to help the sum of the parts greatly outweigh what they could do individually. Ever wish you had more than two hands? Wish you had help in making tough decisions? Wondered how could you clone yourself? Well CEO peer groups take those notions and brings them to life. By committed to a group of fellow executives with businesses and a vast array of experiences, a CEO group can use those to produce extraordinary results for the individuals.
Most groups average around 10 CEO’s and have incredibly wise people who aid each other in advancing their business. They meet monthly and bring their knowledge and expertise for everyone’s benefit. It is like how a car harnesses horsepower and can provide the power of hundreds of horse in one vehicle…amazing.
Typically, these groups work best when they are facilitated by a professional, to keep the group on target. It also works best when the CEO’s have to pay to be in the group. Without a monetary commitment, people tend to devalue the exercise and just fallout. Committing both money and time, makes one want to get the most out of the exercise.
If you are a CEO, high level Executive or President of a company, I advise you to seriously consider joining a group. It could change your business and personal life forever.