Archnahr
Consultant, Writer And Trainer
Kamadana Pradeep
Hr Professional

In the present competitive environment, we find specific companies, which are perceived as performing better than others by, the public in general, and customers and investors, in particular. Is it due to the financial analysis of business newspaper/mutual funds? Or because of quality products and services; or the image of the company perceived by the general public? The answer is a combination of these, coupled with the profile of the corporate leader or the CEO.

These leaders are well qualified, have high conceptual ability, and excellent corporate track record. Of course, companies are run by a group and not an individual, yet, it is this key person who makes the difference.

In our country, among the two types of CEOs - skilled and highly skilled, the second category makes a difference, as they are able to ensure that their organization is able to perform well even in adverse conditions. They are like the Captain of a ship who knows the condition of the ship, the capability of the crew, the quality and the urgency of delivering the cargo, the depth and turbulence of the sea and the other ships. Whether one is captaining the Titanic or the Country craft, they know that the external environment can be influenced, not controlled. Therefore, they optimise the internal environment, implementing strategies, for continued success with excellence.

The first and foremost quality or trait of these successful CEOs is that they invest more time and money on the training and development of their employees, enabling them to perform better for progress. Also, they have brought three types of innovations in their organizations that give certain companies an edge to perform - Technological Innovations, where the primary objective is to reduce the unit cost of the goods sold; Role Innovations, where efforts are being made to gainfully utilise the potential of each employee; Systems Innovations, where information is available and used for timely and quick decision making.

Some of the common qualities observed in successful CEOs are :

1. Very good interpersonal skills.

2. Excellent oral communication skills.

3. High commitment on improving technical and managerial knowledge.

4. Ability to analyse the market opportunity, strategically plan and take timely decisions. Good at SWOT analysis.

5. Good time management in developing time to work, self development, professional activity and friends.

[color=violet]NOTHING SUCCEEDS LIKE SUCCESS

PRADEEP
Hey Nice one,

Here is what I want to add to your thoughts:

CEOs are expected not only to lead the company but also provide strategies and vision statements. Industry stalwarts have identified five critical challenges that leaders of today’s corporate world need to meet.

Challenges ahead

# Restoring confidence

CEOs are currently functioning in an environment devoid of trust and tolerance. Therefore, they need to have a long-term perspective. Further, financial transparency should become an integral part of the corporate culture.

# Identifying and developing potential leaders

Though the job of a CEO might not look attractive in the current scenario, preparing the next generation to take up the job should definitely be the top priority.

# Moving towards a bright future

It is indeed difficult for leaders to manage a downturn and plan a strategy for growth. However, the burden can be lessened if the company has a strong and compassionate corporate culture.

# Changing for the good

Organisations need to concentrate more on identifying, appointing, and retaining board members who would make a difference.

# The sustainability factor

Corporations should get more realistic and develop a foresight. Promises should be realistic and deliver value not only to shareholders but also to all organisational quarters including employees, customers and stakeholders.

These strategies may not be the options for a CEO caught in the economic storm, nevertheless they definitely provide practical and implemental guidelines to face the storm.

Cheers

Archna
Hi Pradeep, Thanks to you for initiating this topic. I really like this one. We discussed something on the same subject yesterday in the our Delhi meet, Mehfil-e-dilli. Cheers Archna
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™