Over a long career, I have had the good fortune to learn something about how CEOs exercise leadership. Additionally, in another life I have been up close and personal with several U.S. presidents.
According to the Conference Board, confidence levels in CEOs declined in the last three months of 2018 to 42 percent — the lowest since 2012, despite most major measurements of the U.S. economy being healthy.
Similarly, the confidence level in President Donald Trump is in the 40s, according to Pew Research.
Leaders in business and politics share common ground with the public.
Typically, CEOs must develop skills in communication with employees, shareholders, customers and the public to be effective. Additionally, implementing company vision and mission and laying out both short- and long-term plans are essential responsibilities for successful CEOs.
Among those with whom I worked closely decades ago at the Minnesota Business Partnership (MBP), Lew Lehr of 3M, Bruce Atwater of General Mills, David Koch of Graco and Ed Spencer of Honeywell — on whose corporate planning staff I had served previously — provided many valuable lessons.
The MBP, begun in 1975 as an experiment in bringing CEOs into the arena of state public policy, focused on solid research, candor and relationship-building, especially on economic and social issues.
These skills were used to advise Minnesota leadership on everything from education policy to workplace requirements, especially with governors and legislators.