What's the relevance? If I asked a CEO how the floor buffer worked or where the extra toilet paper was kept, do you think he'd know?
I bet if you ask the CEO of McDonald's what they charge for a hamburger he'd know.What's the relevance? If I asked a CEO how the floor buffer worked or where the extra toilet paper was kept, do you think he'd know?
Doubt it. His decisions are 100 levels above that.I bet if you ask the CEO of McDonald's what they charge for a hamburger he'd know.
His decisions are 100 levels above that, but if he doesn't have a handle on those details he's going to make them very badly.Doubt it. His decisions are 100 levels above that.
There are people below making those decisions and preparing reports. He doesn't need to know the cost of a ketchup packet to know the financials of the company. He's dealing on another level. There wouldn't be enough time in the day to go piece by piece. He just needs the end numbers.His decisions are 100 levels above that, but if he doesn't have a handle on those details he's going to make them very badly.
Caveat, here are some terrible CEOs in charge of large corporations, so a few counter examples don't disprove my point.
He doesn't *set* the price of the burger obviously.There are people below making those decisions and preparing reports. He doesn't need to know the cost of a ketchup packet to know the financials of the company. He's dealing on another level. There wouldn't be enough time in the day to go piece by piece. He just needs the end numbers.
Of the end number, yes. Others below will be aware of the details.He doesn't *set* the price of the burger obviously.
But he absolutely needs to know what it is, and needs to be informed every time it changes.
They raise the price of a burger by $0.05 and his balance sheets move by hundreds of millions. He needs to be aware.
Doubt it. His decisions are 100 levels above that.
I didn't claim none of them do. Just that it's not as common or required as some may think. That's what you pay others for.I'm with spaf - I guarantee he'd know. I work for a local fortune 500, and our CEO knows frighteningly detailed stuff about the dozens of products we sell.
You're right, shitty CEOs don't pay attention to those sorts of details, and there are a lot of shitty CEOs out there.I didn't claim none of them do. Just that it's not as common or required as some may think. That's what you pay others for.
Can't be on top of everything in a huge company. That's why you pay a staff. I could list countless positions under but don't feel like it. You win. All CEO's know every minute detail down to the penny on everything and anything. Even the cost of staples per department per year per person.You're right, shitty CEOs don't pay attention to those sorts of details, and there are a lot of shitty CEOs out there.
But the good ones do.
No, not every detail, but you damn better well know about your flagship product.Can't be on top of everything in a huge company. That's why you pay a staff. I could list countless positions under but don't feel like it. You win. All CEO's know every minute detail down to the penny on everything and anything. Even the cost of staples per department per year per person.
Don't think a post card is the flagship product.....No, not every detail, but you damn better well know about your flagship product.
If you're the CEO of McDonald's you know about hamburgers.
If you're the CEO of Ford you know what an F150 costs.
If you're the CEO of Coca-Cola you know what a can of soda costs.
Stamps are.Don't think a post card is the flagship product.....
A post card has a different rate than a stamp. A package has a different cost than a stamp. Weights, sizes, flat rate, speed, signature requires, restricted age signature, on and on and on...... There are tons of services with different costs and schedules.Stamps are.
They are actually their only product.