The Chief Executive Officer of a company, the highest point of decision making in a business organization, and the person who is responsible for the success or failure of a business. The Chief Executive Officer is responsible for the running of the company, that is, its management, organization and well-being. They report to the Board of Directors in the company and offer leadership, direction and purpose to it.
Chief Executive Officer are generally leaders, they are entrepreneurs who are functioned to lead a business house towards success, and they form the strategies, manage tasks, delegate responsibilities and are lonecommunication point between the corporate functions of a business and the board of directors. They have emerged as the most important people in the corporate world because of the influence that their position wields on the fortune of a company.
Below we list out the ten qualities that make for a great Chief Executive Officer.
Capacity to Inspire
A Chief Executive Officer needs to have the uncanny ability to see in the future and also make his team members see the same image he sees. He needs to keep inspiring his team towards achieving the goal and required tasks during time when energies will be fading. A good Chief Executive Officer will recognize that in order to keep his staff motivated and productive. Inspiration can come from making the employees feel part of the bigger plan through equity shares in the company, bonuses or other benefits.
Dedication – Vital for success
When you as a leader will lead by example in delivering quality and hard work you will be able to motivate and expect the same out of your followers too. By being totally dedicated to the goals and values of the company will you be able to earn the respect and admiration of your juniors who will then try to emulate you. By setting the
standard of dedication him/herself a Chief Executive Officer can keep getting the quality of work he/she needs on a regular basis.
A quality that keeps all the successful CEOs remain successful is creativity. In the world of cut-throat competition and constant challenges, one needs to be able to think on their feet and find new and improvised ways of solving challenges and getting out of tough situations. In critical situations your employees will look to you for guidance and motivation, and your creativity will help them get out of such situations.
Rewarding small achievements – Celebrating success
A Chief Executive Officer today needs to be able to realize the small achievement of his team and should celebrate these achievements which will lead to the achievement of the bigger goal. CEOs should be able to recognize such opportunities for celebrations as it helps the team to keep their focus on the larger goal, understand they are moving in the right direction.
A quality that goes hand in hand with humor, positivity is a quality that all great leaders have and CEOs are no
exception to it. Positivity is also related to motivation which helps you in keeping your team focused on the bigger picture; qualities like positivity and motivation are mark of a great leaders.
Having sense of humour can help built great camaraderie, familiarity and ease the pressure on the team. As a Chief Executive Officer, you will greatly benefit if you can use humour to get out of difficult situation, laugh at mistakes and allow others the same friendliness. This helps in building a great and healthy environment at work full of productivity, energy and bond instead of fright and nervousness.
A quality that every Chief Executive Officer will want to be absolutely excellent in, is communication. If you cannot express your ideas and vision to your team members than chances are that the team will probably never reach that common goal. Every Chief Executive Officer needs to be able to communicate not only his ideas to his teams but also his authority too. Efficient lines of communication that can make the whole organization work as a single unit.
Delegation is known as a management tool whereby the leader delegates or assigns some of his own tasks and responsibility to a junior. As a Chief Executive Officer when you delegate your task to an employee you give him confidence and belief to deliver with the goods and in the process give yourself time to concentrate on important issues such as strategies and development plans. The key to being able to delegate tasks is to know and identify the skills and abilities of your team members.
Be the Change – Practice what you preach to your employees
Constant change is a mantra that every Chief Executive Officer believes in. A Chief Executive Officer who expects his employees to change and better themselves or be adaptive to the changes in the organization should him/herself be the model of that change he/she seeks. A Chief Executive Officer needs to be a model to emulate and in order to get your message of change across to the team you need to work in tandem along with other highly-regarded employees who share your ideas of change and constant adaptability.
Integrity – Be the model of honesty
The most crucial quality of a leader no matter in whichever field he/she may be, integrity, is a quality that is a must
have for every Chief Executive Officer. No matter what ethical values you hold your team should know that you expect nothing less than the highest level of integrity & honesty from them. The company and the team becomes the image of its leader and therefore a honest approach to every task is not only going to hold you in good stead in the long run but also make your team mate believe in your decision making.