With heart & mind
Think of CEO of a business enterprise, you will probably have a image before your eyes of a person sitting alone in a c-suite. The CEO indubitably is the face of corporate leadership but what makes a successful one has always been a matter of conjecture. In this digital industrial revolution which is generally termed as fourth industrial revolution with fast evolving economy, the CEO leadership is also undergoing change. It is not like it was to have two or three decades earlier. It has become more complex with newer challenges.
To lead a company is a complicated business. It's not only about making efforts reflecting in financial numbers to meet the expectations of the shareholders but also about strategic vision, creating a purpose driven culture, employee engagement and customers, satisfaction along with building the brand of the organisation's reputation and responsibility to the community in which business operate.
A successful CEO, therefore, has to be a multi-talented person who plays all the roles he has to play and moves ahead of time. He has to be self reflective and decisive. In today's hyper-competitive and shifting business environment, CEOs normally end up needing complex competencies that no amount of work experience can prepare them for. In digital transformation age, building required skill set among employees in given timeframe would be a new challenge, every CEO has to address.
Organisations look for CEOs who belive in collaboration and are ready to admit weekness, which can be covered up with the requisite talent available in existing teams. Skills and experience are secondary. Priority is of having high EQ and empathy. CEOs need to lead with heart & mind.
Apart from leading by example, CEO has to be more credible and responsible. Integrity, ethics and value system will decide the life span of a CEO. Transparency in processes and systems brings ethics and value system in the organisation. It also enhances employee commitment. Today's CEO is expected to develop an environment and culture where both management and employees are accountable to each other.
I have not pointed about skill set and traits, successful CEOs should have and mistakes they should avoid, because these all along with other dimensions of CEO leadership have been thoroughly presented by experts in their articles/views with interesting examples in the cover story of this edition.
If you like it let us know. If not, well, let us know that too.
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