Here's what CEOs actually do all day.
Seventy-five percent of a CEO's time, on average, was scheduled in advance, while 25 percent was spontaneous.
But big picture, it seems the CEOs struck a balance between work and personal time: 31 percent of their time was spent working, 10 percent commuting, 25 percent was personal time , 29 percent was spent sleeping and 5 percent was spent on vacation.The study found that a CEO's work is diverse: 25 percent of their work is spent on people and relationships, 25 percent on functional and business unit reviews, 16 percent on organization and culture, and 21 percent on strategy.
"In our debriefs, CEOs confessed that one-hour meetings could often be cut to 30 or even 15 minutes," Porter and NohriaThe study also found CEOs value face-time: 61 percent of their communication was face-to-face, while only 24 percent was electronic , and 15 percent by phone and letter. "Face-to-face interaction is the best way for CEOs to exercise influence, learn what's really going on, and delegate to move forward the multiple agendas that must be advanced. It also allows CEOs to best support and coach the people they work closely with," the researchers wrote.
"How a CEO spends face-to-face time is viewed as a signal of what or who is important; people watch this more carefully than most CEOs recognize."
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