CEO Business Travel Frequency: Balancing Mobility with Leadership

Running a business is not an easy task – a fact that does not need repeating.

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Being a CEO involves much more than simply being a talking head for a business and its future. CEOs must have in-depth knowledge of their industry, keen insights for business development and growth and a knack for interpersonal engagement; further, they must be comfortable with long hours in transit. But why is mobility so crucial to business leadership?

Travel Frequency and Executive Responsibility

The main reason why a CEO travels so often relates to the responsibilities they have as the captain of their ship, so to speak. Being the man at the top is rarely about image or stature; save for some egregious and highly-publicised examples, CEOs are vital and hands-on members of their workforce, working hard to right the ship and ensure longevity – in turn protecting jobs.

Where a business is large enough to have tendrils in other regions, domestic or international, it will naturally fall within the CEO’s purview to attend these regions and meet with regional executives regularly. This bread-and-butter travel is necessary for numerous reasons, morale very much included – and does not describe the totality of a CEO’s responsibility either. There is also the matter of stakeholder liaison, which can require business travel and meetings even outside of the business’ reach. 

Strategic Meetings

Further, CEOs must travel regularly in relation to – or indeed in accordance with – company-wide strategies and growth-related milestones. To break ground in new territories, be it figuratively or literally, the CEO must first make crucial introductions, secure new contracts with clients, and seek vital partnerships to enable strategic success.

This goes both ways, too. Often, it is unavoidable that certain challenges to conventional operation make their way to executive offices – and that the CEO needs to personally involve themselves to quench the resulting fire.

Industry Events

Within the wider context of business management and corporate growth, there is also an essential need for CEOs to be present at industry networking events and exhibitions. In many cases, national and regional exhibitions can be attended and navigated by a sub-team of regional managers and delegated to staff members, but CEO attendance at international expos can be of major importance to securing new partnerships.

The Role of the Car

The CEO’s role is truly a global one, with challenges and new opportunities alike knowing no borders. However, the day-to-day travel needs of the average CEO make the humble car a far more important investment than a jet or slew of executive boarding passes. It is for this reason that gap insurance, a policy designed specifically to protect the purchase value of a given vehicle, is in common use amongst CEOs and businesses with CEO company cars.

The car a CEO drives needs to reflect their professionalism while being exceedingly practical. Vehicles that fit all bills are often expensive, and expensive to replace in the event of an accident or breakdown. Protecting this value is tantamount to protecting a key lifeline for a given business’ future.

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