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The Executive Committee: members solve common business problems.

Members Solve Common Business Problems

The Executive Committee (TEC) allows company presidents to discuss common business concerns and solve management or operational problems. Established in Utah nearly one year ago, TEC has 180 chapters nationwide and is headquartered in San Diego.

TEC gives CEOs the opportunity to tap knowledge and advice from other executives who may be experiencing the same challenges--those who have discovered the "lonely at the top" syndrome, where they have no one else to consult about problems like product differentiation, market share, employee matters, and so forth.

"Think of it as an informal board of directors. Too often, executives plan business strategies alone, without the advantage of considering others' views," explained Richard H. Tyson, TEC chairman.

Once a month, TEC holds an intensive, day-long seminar for members, featuring a national well-known speaker in the morning and an executive round-table session in the afternoon. "They roll up their sleeves and offer blunt but honest advice; there's nothing barred," said Tyson. He likens the session to a master's degree program. "When you have 12 experts giving their advice, you get diverse ideas and suggestions. Participants prod, direct, and challenge your business decisions."

Phillip McMullin, president of Northwest Textiles, was one of TEC's first Utah members. He says TEC offers refreshing, interesting solutions to solving problems. "Executives are so busy, they seldom take time to sharpen their saws. TEC forces you once a month to do that. You can put your financial statements or challenges on the table and have others offer objective ideas."

McMullin said he was at once surprised and impressed at the honesty, frankness, and confidentiality of the monthly sessions.

Tyson, a management consultant and graduate of Harvard Business School, regularly meets with each member to identify specific issues the group then addresses at future meetings. TEC groups are limited to 14 participants. The Utah chapter currently has 12 members from non-competing businesses. Tyson is now working to start a second group.

Membership is available to CEOs or presidents of established companies with annual revenues of at least $2 million and having 15 or more employees. Fees include a one-time registration cost of $750 and quarterly dues of $1,900. An orientation meeting will be held March 19 at the Marriott Hotel.

Cheryl Smith is managing editor of Utah Business.
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Title Annotation:forum for company presidents and CEOs provides opportunity to tap other executives for knowledge and advice
Author:Smith, Cheryl
Publication:Utah Business
Date:Mar 1, 1992
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