The ultimate career goal for many aspiring and high-performing individuals is to be a chief executive officer of a company. The role of a CEO is a difficult gap to fill in because of the immense expectations and the constant pressure to outperform related to this position.
Even though a CEO’s position is advertised as someone who calls the shots or is the “boss man,” the role requires much more than just dictating.
Various qualities, skills, and traits are necessary to make a successful and competent CEO. So, do you have what it takes to become a successful chief executive officer?
Here’s a look at some traits that’ll make a good CEO out of you.
- The ability to adapt:
Companies like Nokia and Blockbuster fell behind drastically due to their inability to adapt to the rapidly changing market. Even though Blockbuster’s CEO made all efforts necessary to adapt to a changing business model, it was too late.
So, what do we learn? The most prominent ability of a successful SEO is to recognize the changing dynamics of business and make changes in a company’s model to cope accordingly.
But nowadays, company success depends on more than just adapting to changes; it also relies on making changes within a suitable timeframe.
According to a report by Harvard Business Review, CEOs who showcase exceptional adapting capabilities are 6.7 times more likely to succeed.
- Open to learning:
A competent CEO’s appetite for learning is never satisfied. No matter where you sit in your career, there’s always room to learn something more.
For instance, successful CEOs have commendable educational backgrounds. So, as someone who’s just starting and torn between an executive mba vs mba, we recommend going for a learning option that accommodates your career path as well.
Talented CEOs understand the importance of planning and execution. Therefore, top CEOs keep an open mind about learning without putting a full stop to their business ventures.
Remember that aspiring CEOs are always curious and love to master the skill of evaluation and analysis.
- Speedy and effective decision-making:
You may be good at visualizing and planning, but their firm decisiveness is what sets successful CEOs apart. However, decision-making is not enough, and a great CEO also knows the criticality of making quick yet convincing decisions.
It’s not always enough to make a great decision because if the timing isn’t right, what’s the use? Making decisions on the dot without losing conviction is one of the many hallmarks of an excellent chief executive officer.
Sometimes, it’s better to understand that making a wrong decision is better than not making one at all. High-performing CEOs know that every choice has consequences, so instead of pushing the entire team and organization, they believe in making quick yet somewhat calculated decisions.
- The ability of foresight:
As much as a CEO loves to live in today’s success, they’re always concerned for the future, which makes them tick. The person in charge is about dealing with current issues while not losing sight of the future.
The ability of foresight – to predict possible future outcomes is a celebrated quality in a CEO as the company’s future depends on it.
Chief executive officers are responsible for steering the organization in the right direction while keeping the investors happy.
At the same time, they can’t make everyone happy without knowing which decision will and how it would impact the company’s future.
So, how does a CEO acquire the traits of foresight? They analyze every move and decision made to rule out all non-feasible possibilities and learn from their past decisions.
- Reliability and emotional intelligence:
A chief executive officer is the head of an organization, a leader, and an inspiration for many working for the company.
Nowadays, most employees believe that the “boss would know what to do” during a crisis, but when a CEO proves otherwise, they lose the trust of investors and the company.
That is why CEOs must conduct themselves as a force of reliability and authenticity at every step.
A reliable CEO must step in when the going gets tough and prioritize the commitments to the staff and the investors. They should be honest in their actions and decisions to ensure that everyone has faith in them.
Along with reliability, high emotional intelligence also helps in resonating with the entire organization.
- Impeccable communication skills:
There’s simply no compromise on communication skills in the corporate world. The world listens when you speak, and a great CEO knows how to communicate their vision, perspective, and beliefs.
You must remember that communication is a two-way street. If you know how to make people listen to you, you should also know when to listen to others.
Top chief executives are balanced in communicating and translating the business’s values to the rest of the organization. They use direct, reliable, and morale-boosting language that shows honesty, transparency, and a connection.
Being a CEO shouldn’t always be about being cold and calculated. The person in charge should not seem like an entity that’s hard to reach. They should be readily available to the masses for creating understanding and a positive working environment.
- Thinking outside the box:
You don’t become a successful CEO by following the rule book. If you want to stand out, you must think out of the box and break a few rules (without breaking the laws).
A unique approach to everything sets successful chief executives apart. They’re always looking to work around things when conventional methods fail. A CEO does more than just run a company; instead, they’re also responsible for taking the company to the top.
A CEO with an out-of-the-box approach also knows the importance of nurturing talent with the same process so they can step in their shoes when the time comes.
The success of an organization depends on many factors, but the leadership role is the most important one. A chief executive officer is the engine of the entire organization, which pushes the company, the staff, and the business model towards tremendous success.
However, specific qualities and traits are required to emerge as a successful and inspiring CEO. Therefore, if you have your eyes on the boss role, do take pointers from our above list of traits.