CXOs face high-stakes demands in fast-paced environments and typically networking is prioritized for career purposes. However, prioritizing relationship management with external C-suite peers and functional experts should not stop there. Read below to identify ways to organically expand your network and deepen your expertise all while bringing value to your current business.
Read more: Your Outside Board Can Be Your Best Advocate
The Value of Connectivity with C-Suite Peers
53.7% of respondents listed C-suite peers in other portfolio companies owned by the same sponsor as the most helpful resource.— PE-CXO survey
The concept of connecting with C-suite leaders at peer portfolio companies has emerged as a key way to gain insights when a candidate is diligencing a PE-backed opportunity. Obtaining feedback during the interview process can help a candidate gauge a sponsor’s management style and expectations during a hold period.
However, CXOs should not only maintain these connections, but seek to expand them as well. When asked, whether during the hiring process or just generally, sponsors are typically happy to facilitate introductions among the C-suite leaders within the portfolio companies they oversee.
During the pandemic private equity firms (and businesses as a whole) found themselves having to manage organizations remotely, without the advantage of in-person meetings. To address this challenge, companies l...